Although the insurance industry saw another year of moderate global economic growth in 2015, real global direct life and non-life insurance premiums written grew by 3.8% in 2015, up from 3.5% in 2014, according to a new report from Swiss Re.

In comparison, global real gross domestic product grew by 2.5%.

In nominal dollar terms, however, premiums were down by 4.2% because of widespread currency depreciation against the U.S. dollar.

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Rosalie Donlon

Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].

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