The positive underwriting results achieved by property/casualty insurers and the return to growth in the life business were key highlights of world insurance markets in 2004, according to the latest Swiss Reinsurance Co. sigma study.
This year, those gains in growth are likely to continue on the life side, Swiss Re said, though the momentum is likely to slow among nonlife insurers.
With the gains of 2004, the industry is in a good position to leverage growth opportunities this year, the reinsurer said.
The Swiss Re study, "World Insurance in 2004,'' examined insurance markets in 145 countries.
Globally, premiums grew 2.3% in 2004 to more …
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