Emerging market economies saw the volume of non-life insurance premiums increase by 11.6 percent last year, while the Islamic insurance sector grew by 25 percent, according to new research from Swiss Re.
The findings from the Zurich-based reinsurer were contained in its latest “sigma” study, which examined the market in 59 nations in areas of South and East Asia, Eastern Europe, the Middle East, Latin America, the Caribbean and South Africa.
Swiss Re said that in real terms non-life premium volume in 2007 for emerging markets amounted to $199 billion.
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