emerging markets News

Deloitte Advice for Insurers in 2012: Focus on New Products, Countries

Global economic challenges will make it difficult for insurers to generate growth and profits over the short and long term, however, they might improve their chances for achieving success in 2012 by focusing on new insurance products and on emerging …

Swiss Re Sees Continued Emerging Market Growth; Profitability Squeeze

Insurance in emerging markets has “experienced strong growth over the past decade and the outlook for the next decade remains promising,” a Swiss Re sigma study concludes. However, it also notes that “given the expectation of persistent low interest rates …

India’s Private Insurance Market Keeps Growing – Slowly but Surely

Even though China gets most of the headlines, there’s been slow, but steady, progress for private insurers in Asia’s other billion plus people country – India. Although its rate of growth has slowed recently, mirroring the slowdown in the global …

Swiss Re Economists See Weak Growth; Some Market Hardening; EU Peril

Swiss Re presented its latest analysis of the global economic outlook and its potential impact on the insurance industry at an economic forum in London yesterday, December 1. Chief Economist Kurt Karl began the discussion with an admonition that the …

Deutsch Bank Head Sees ‘Fundamental Reassessment’ of Financial Industry

Dr. Josef Ackermann’s keynote speech to delegates at the Risk Management Forum of the Federation of European Risk Management Associations (FERMA) basically described the global financial system as broken and in need of a “fundamental reassessment.” As the Chairman of …

Marsh Launches Global Mining Practice

Marsh has announced the formation of a new “Global Mining Practice,” which it said “harnesses all of its mining expertise, experience, and relationships around the world.” The move comes as “mining organizations pursue growth opportunities outside their home countries.” As …

New Swiss Re sigma study Reveals Global Premium, Capital Growth

A new study in Swiss Re’s sigma series concluded that the global insurance industry has returned to a pattern of growth. The study – World insurance in 2010 – reveals growth in global premium volume and capital. Premium volume “grew …

UK’s UIB Appoints Dilley International Operations Director

London-based United Insurance Brokers announced the appointment of Tony Dilley as International Operations Director. “He will assume responsibility for the running of all UIB’s international offices with successful implementation of agreed group strategies,” UIB said. Dilley was most recently at …

Lloyd’s Sees Opportunities in Emerging Markets

As levels of international trade and the importance of emerging economies increase, Lloyd’s has been very active in its efforts to open up access to overseas markets. However, in an article on its web site it called for “greater co-operation …

Willis’ Plumeri Cites ‘BRIC Growth’ as Potential Insurance ‘Golden Age’

Joe Plumeri, Chairman and CEO of Willis Group Holdings, told delegates at the Insurance Day Conference in Bermuda that the insurance industry is entering a “golden age” of opportunity. He cited the fact that there are two billion people in …