Insurance Information Institute - Top Insurance Markets to See 4.5% GDP Decrease in 2020
November 17, 2020
November 17, 2020
NEW YORK, Nov. 17 (TNSRes) -- The Insurance Information Institute issued the following news release:
The world's 10 largest insurance markets are cumulatively expected to see their Gross Domestic Product (GDP) decrease by 4.5 percent in 2020 compared to 2019 because of COVID-19, according to a new Insurance Information Institute (Triple-I) report.
"All things being equal, higher economic activity drives premium growth higher while lower economic activity drags prem . . .
The world's 10 largest insurance markets are cumulatively expected to see their Gross Domestic Product (GDP) decrease by 4.5 percent in 2020 compared to 2019 because of COVID-19, according to a new Insurance Information Institute (Triple-I) report.
"All things being equal, higher economic activity drives premium growth higher while lower economic activity drags prem . . .