NU Online News Service, June 29, 2:44 p.m. EDT
Non-life insurance business was not heavily affected by the global recession as premiums remained relatively flat at $1.74 billion in 2009 compared to 2008, according to a Swiss Re sigma report on world insurance premiums.
An expected increase in interest rates is needed to "bring the primary non-life insurance industry back to adequate profitability levels," said Daniel Staid, Swiss Re economist and one of the authors of the study, which is based on 159 insurance markets.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
