5 min read.Updated: 02 Dec 2015, 02:41 AM ISTLivemint
Policy changes and more demand by individuals as well as companies is driving the insurance business
The global economy is expected to strengthen next year. The US and the UK are currently growing at a moderate pace of close to 2.5%, and real gross domestic product (GDP) in Japan and the Eurozone at a more subdued 0.7% and 1.5%, respectively. The four economies are all expected to see slightly better growth in 2016. Emerging markets will grow by about 5% annually in the next two years, according to a report by global reinsurer Swiss Re, named Global insurance review 2015 and outlook 2016/17.