2021 is the opening shot for a strong decade. Globally, average growth of over +5% over the next 10 years appears possible, driven by higher risk awareness, the pivot to sustainability and the further rise of Emerging Markets.
Mirroring the global economic development, strong growth is expected for the insurance sector in 2021: Total global premiums will rise by +5.1%. Unsurprisingly, the US (+5.3%) and China (+13.4%) are likely to be the two growth engines. However, like the pandemic-related slump, the recovery will be very uneven.
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