Rapid-growth markets provide significant opportunities for global insurers despite entering period of slower growth
12 February 2014
Global insurance companies seeking to expand their businesses are increasingly looking to a new wave of rapid-growth markets (RGMs) as well as the BRICs.
According to EY’s Waves of Change: The shifting insurance landscape in rapid growth markets report, the overall contribution of rapid -growth markets will continue to be very significant. This is in spite of the slowing growth experienced by some of the larger economies within the BRICs. It is likely that China will continue to play a dominant role in driving premium growth in international markets but new emergers in Latin America, such as Mexico and Columbia, and in the Asia Pacific region such as Thailand and Indonesia are offering valuable long-term opportunities.