The turmoil in the global economy has done little to dissipate the desire of insurers to expand into new markets. To this point, a new report from Bermuda-based Accenture suggests that 62% of insurers plan to grow outside of their home market in the next 12 months.
Querying more than 100 life insurers and property/casualty insurers in 16 of the world's largest insurance markets, the survey detected scant evidence of recalcitrance about international expansion despite current economic conditions. In fact, 75% of respondents said they believe that the turmoil will offer more opportunities to grow outside of their home market in the next three years.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access