DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/m5j9dp/global_insurance) has announced the addition of the "Global Insurance Industry 2012-2017: Trends, Profits and Forecast Analysis" report to their offering.
The global insurance industry gross premium grew 4.8% in 2011 compared 2010 and is anticipated to reach approximately US $6,095 billion in 2017 with a CAGR of 5.0% over the next five years (2012-2017).
Lucintel, a leading global management consulting and market research firm, has analyzed the global insurance industry and presents its findings in Global Insurance Industry 2012-2017: Trend, Profit, and Forecast Analysis.
The insurance industry comprises establishments that are primarily engaged in the pooling of risk by underwriting insurance (i.e., assuming the risk and assigning premiums) and annuities. The insurance industry is a highly fragmented and includes segments such as life insurance and nonlife insurance. The European region currently dominates this industry; however, Latin America, eastern Europe, and the Middle East are expected to lead the industry in the future. Asia is expected to grow the fastest over the next decade.
As per the study, increase in per capita income is expected to boost the saving and investment in the insurance industry.Rapid industrialization and increasing trade volume is anticipated to boost the demand of non-life products such as marine insurance, insurance for catastrophic losses, and insurance on fixed assets,among others.
Lucintel's study indicates that the life insurance segment of global insurance industry represents good growth prospects during forecast period compared to non-life insurance. A combination of factors such as demographic condition, interest rate fluctuations, and governmental regulations is expected to impact the industry dynamics significantly.
This comprehensive guide from Lucintel provides readers with valuable information and the tools needed to successfully drive critical business decisions with a thorough understanding of the market's potential.
This report will save Lucintel clients hundreds of hours in personal research time on a global market and it offers significant benefits in expanding business opportunities throughout the global insurance industry.In a fast-paced ever-changing world, business leaders need every advantage available to them in a timely manner to drive change in the market and to stay ahead of their competition.
This report provides business leaders with a keen advantage in this regard by making them aware of emerging trends and demand requirements on an annual basis.
For more information visit http://www.researchandmarkets.com/research/m5j9dp/global_insurance
Research and Markets
Laura Wood, Senior Manager.
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Source: Research and Markets