Asia-Pacific premiums to double by 2020, says Munich Re
Munich Re's Economic Research Department estimates that nearly half of the $2.8trn of additional premiums to be generated by 2020 across the world will be from the Asia-Pacific region.
Already 30% or $1.19trn of the world's insurance premiums are placed from the Asia-Pacific, with life insurance outweighing property/casualty premiums.
Munich Re expects 'emerging Asia' which includes
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