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.

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