NU Online News Service, July 6, 3:10 p.m. EDT
Premium growth is expected to continue throughout 2011 as the global economy recovers; however, the industry may be challenged by reserve adequacy issues, stricter regulations and rising combined ratios, according to a new report.
In its latest sigma study, “World Insurance in 2010,” Swiss Re says the global insurance industry returned to positive growth in 2010 after two years of falling premium volume. For non-life insurance, global premiums climbed 2.1 percent in 2010, with emerging Asia and newly industrialized countries in the region driving the growth.
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