Swiss Re is targeting emerging markets

The Swiss Re group is after the emerging markets including China and India, which enjoy sustained economic growth. The reinsurer noted that the development of insurance in these markets is lagging behind compared to other sectors.

Swiss Re was quick to note that obtaining an adequate profitability on these markets is never easy because of fierce competition. The increase in the capital of Chinese insurers in 2010 caused an increase in the need for reinsurance, but there is no evidence to confirm that this trend is poised to continue in the years to come.