Important growth for the insurance business in emerging countries

Sigma’s latest issue, published on December 20, 2011, has established that in real terms, insurance in emerging countries has grown by 11% per year over the last decade. This figure has attained only 1.3% in industrialized countries. In terms of performance, the most dynamic regions are Asia and Latin America, which is likely to attract large international insurers. This is accounted for by a combination of factors like a better economic environment, falling inflation, new regulatory measures, less government intervention, a diversification of distribution channels (bancassurance, internet) and the advent of new products including microinsurance and Islamic insurance.