Carrier annual growth rates in emerging markets increase faster than those in mature ones (Photo: Shutterstock/wk1003mike)
Small insurance companies drive much of the growth in both mature and emerging markets, according to A.M. Best.
In its “For Insurers in Emerging Markets, Size Matters” report, the global credit rating agency analyzes the performance of large, medium, and small carriers in emerging markets and how they compare with insurers in developed markets.
A.M. Best studied more than 1,900 insurers across four geographical groupings, examining results from 2007-2012 to compare market dynamics, drivers of profitability and balance sheet composition for companies in each region. The regions studied are:
Mature/developed markets: France, Germany and the United Kingdom
BRIC: Brazil, Russia, India and China
