Jul 7th 2011 | from the print edition
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After two years of decline, the global insurance industry returned to growth in 2010. Overall, insurance premiums rose by 2.7% in real terms to $4.3 trillion in 2010, according to Swiss Re, a reinsurance firm. Rich countries dominate the market by volume, but growth was concentrated in emerging markets. In America, which accounts for more than a quarter of the world market, premiums rose slightly in nominal terms last year, but fell after adjusting for inflation. Emerging-world premiums rose by 11% in real terms. China’s insurance market, though still less than a fifth the size of America’s, was the fastest-growing big market last year, with total premiums surging by more than a quarter in real terms.
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