NU Online News Service, June 17, 2:56 p.m. EDT
Changes in the global economy, particularly in developing nations, present significant opportunities for the insurance industry as the global middle class expands and insurance needs grow, according to Willis Group’s chairman and CEO.
In a transcript of comments delivered by Willis executive Joe Plumeri at the Insurance Day Summit in Bermuda on June 14, he says established economic powers in the developed world will face challenges going forward, while developing economies in Asia and the Middle East will see an explosion of middle-class growth.
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