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Asia's life market to grow more than 10% in real terms during 2017 and 2018

  • Publish Date: Posted about 7 years ago

Life insurance growth in Asia will slow in the next couple of years following last year's extraordinary surge in premium volume in China, but it will still be significantly above 10% in real terms, according to global reinsurance giant Munich. In life insurance, global premium growth, which is driven by growth markets in Asia and Latin America, is expected to increase by over 4.5% on average, 3.0% in real terms, more than economic growth. Opportunities in mature countries continue to be clouded by persistently low interest rates. Premium growth is likely to fall short of economic growth. However, strong premium expansion in the emerging markets will almost fully compensate for the moderate development in the industrialised countries.