While global insurance premiums increased in 2016 across all insurance sectors, P&C profitability declined again, according to the latest Swiss Re Institute sigma study.

The study, titled "World insurance in 2016: the China growth engine steams ahead," reports that global insurance premiums increased by 3.1% in real terms in 2016. Non-life premiums — which includes property & casualty and health insurance — grew 3.7% in 2016, reflecting relatively solid expansion among the emerging countries and another exceptional performance in China.

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