The insurance and reinsurance market should address the $ 500bn global health and property insurance gap as a growth opportunity , according to Swiss economists . Chief Economist ed Jean Haegeli believes many households and businesses face an " elevated vulnerability to adverse events " , and firms with innovative products should be able to take on that opportunity . Haegeli believes Asia offered the most potential , with annual premium growth of 9 % forecasted for next year and in 2020 , compared with expected annual global growth of 3 % .
The insurance and reinsurance market should view the $500bn global mortality and property insurance gap as a growth opportunity, according to Swiss Re. Chief Economist Jerome Jean Haegeli said many households and businesses face an "elevated vulnerability to adverse events", and firms with innovative products should be able to capitalise on that opportunity. Haegeli said Asia offered the most potential, with annual premium growth of 9% forecasted for next year and in 2020, compared with expected annual global growth of 3%.