Higher investment income, economic growth and increasing interest rates made 2018 a good year for global insurance. Market growth is predicted to continue into 2019 carried by strong growth in emerging markets like China and Latin America.
A report by Technavio estimates compound annual growth will be in the region of 5% for the period 2018-2022, which is good news for global insurance brokers. However, 2019 is also likely to present some challenges through a combination of political, economic and environmental unknowns which may impact the industry: