Next five years crucial for insurance growth in emerging markets, Swiss Re Sigma Report

Life insurance is forecast to grow by 8% between 2005 and 2010 while non-life insurance will rise by 5%

Growth in emerging markets’ insurance business is expected to accelerate in the next five years, according to Swiss Re’s latest Sigma report. The research forecasts that life insurance will grow by 8% a year and non-life insurance will grow by 5% a year between 2005 and 2010 in the emerging markets of Asia, Latin America, and Eastern Europe.