growing middle class News

African Insurers’ Growth Interests Europe, So. Africa, as Incomes Rise

A growing middle class in sub-Saharan Africa is enticing European and South African insurers to buy local firms focusing mainly on life insurance and pensions, in the face of mature markets and strong competition at home. [See also following article] …

Munich Re Study Sees Asia Pacific Dominating Insurance Growth by 2020

“Asia-Pacific will be the dominant driver of world insurance growth by 2020,” according to a study published by Munich Re’s Economic Research Department. The report forecasts that premium income for the insurance industry in the region “will double by 2020, …