World-renowned reinsurer Swiss Re as a sigma study shows that the world insurance premium income in 2007, actual growth of 3.3 percent to 4.061 trillion U.S. dollars. Growth was mainly from industrialized markets and emerging markets in promoting the life insurance business, followed by the emerging markets of non-life insurance business driven.
2007, the premium income from Asia amounted to 841 billion U.S. dollars, the actual growth of 4.5%. Mainland China recorded a 19 percent premium of double-digit growth, reaching 92 billion U.S. dollars. Hong Kong, China recorded a 22.9 percent premium of double-digit growth, reaching 24 billion U.S. dollars. China Taiwan recorded a 16.2 percent premium of double-digit growth, reaching 60 billion U.S. dollars.
This study DanielStaib one of the authors of the report that "despite the 2007 macroeconomic environment has a slight slowdown in economic growth and inflation exacerbated the situation, life insurance continues to increase, the global life insurance premiums grew by 5.4 percent to 2.393 trillion U.S. Yuan, more than a decade ago the average increase. "
Retirement products and other wealth accumulation products to stimulate sales of the industrialized economies in the life insurance premium growth. As for life insurance in emerging markets, benefited from good economic performance and the potential to catch up with the promotion.
Although the growth rate of no life insurance fast, but non-life insurance market is still room for profit. In 2007 the global non-life insurance premium growth rate in real terms fell to 0.7 percent, for a total of 1.668 trillion U.S. dollars. Industrialized markets and emerging markets between non-life insurance premium growth continued the trend of polarization.
Report is expected in 2008, the life insurance premium growth will slow down, because the capital market and stock market turbulence curb the demand. DanielStaib said, "With the economic environment and capital market stabilized and are expected to medium term, life insurance and profit growth in capacity will be resumed strong performance."
For non-life insurance business, he added, "It is estimated that industrialized economies in the non-life insurance premiums will decrease, but the emerging economies in the non-life insurance premiums will continue to grow, although the growth rate will be compared to the recent Will be slightly slower. "Expected, loan-to-the impact of the crisis is limited, the debt crisis caused by the decline of investment performance. Another problem is that global inflation, which will enhance long tail liability insurance and other types of business claims costs and lower profitability.
2007, the premium income from Asia amounted to 841 billion U.S. dollars, the actual growth of 4.5%. Mainland China recorded a 19 percent premium of double-digit growth, reaching 92 billion U.S. dollars. Hong Kong, China recorded a 22.9 percent premium of double-digit growth, reaching 24 billion U.S. dollars. China Taiwan recorded a 16.2 percent premium of double-digit growth, reaching 60 billion U.S. dollars.
This study DanielStaib one of the authors of the report that "despite the 2007 macroeconomic environment has a slight slowdown in economic growth and inflation exacerbated the situation, life insurance continues to increase, the global life insurance premiums grew by 5.4 percent to 2.393 trillion U.S. Yuan, more than a decade ago the average increase. "
Retirement products and other wealth accumulation products to stimulate sales of the industrialized economies in the life insurance premium growth. As for life insurance in emerging markets, benefited from good economic performance and the potential to catch up with the promotion.
Although the growth rate of no life insurance fast, but non-life insurance market is still room for profit. In 2007 the global non-life insurance premium growth rate in real terms fell to 0.7 percent, for a total of 1.668 trillion U.S. dollars. Industrialized markets and emerging markets between non-life insurance premium growth continued the trend of polarization.
Report is expected in 2008, the life insurance premium growth will slow down, because the capital market and stock market turbulence curb the demand. DanielStaib said, "With the economic environment and capital market stabilized and are expected to medium term, life insurance and profit growth in capacity will be resumed strong performance."
For non-life insurance business, he added, "It is estimated that industrialized economies in the non-life insurance premiums will decrease, but the emerging economies in the non-life insurance premiums will continue to grow, although the growth rate will be compared to the recent Will be slightly slower. "Expected, loan-to-the impact of the crisis is limited, the debt crisis caused by the decline of investment performance. Another problem is that global inflation, which will enhance long tail liability insurance and other types of business claims costs and lower profitability.
No comments:
Post a Comment