MarketLine Blog

Posts tagged to Non-Life Insurance

Global insurance brokers sector will hit $54.8 billion in 2021 as growth remains impressive despite deceleration

MarketLine

The global insurance brokers sector has experienced impressive growth in recent years, registering a compound annual growth rate (CAGR) of 7.0% between 2012 and 2016 to reach a value of $42.8 billion, according to data from research company MarketLine. The company’s latest report shows that sector values have increased in all regions. Global growth, however, has been primarily driven by healthy revenue increases in the US, the world’s largest individual market. As it accounts for over 63% of global sector revenues, the performance of the US market will always have… Read more

Non-life insurance market shows remarkable signs of life

MarketLine

Globally, non-life insurance has shown remarkable resilience, recording continual growth even during the height of the financial crisis which engulfed most of the globe. By 2012, worldwide gross written premiums had increased by around $270bn when compared with 2008, the year the financial difficulties started. The global non-life insurance market grew by 5% in 2012, to reach a value of $1,921.2bn, representing a compound annual growth rate of 3.8% for the period spanning 2008-2012. Growth was fuelled by the Asia-Pacific region as Western economies struggled as car and house sales… Read more