global risk

The global insurance industry grew in 2014 with life premiums seeing growth of 4.3% after a decline of 1.8% in 2013, Swiss Re's sigma study of 2014 has found.

Control over costs is overwhelmingly the reason global companies use multinational pooling, with 80% citing it as the prime reason the schemes are in place.

Life Insurers need to hold more capital to manage the risk of a potential bird flu pandemic, a catastrophe risk management firm has warned.