By the numbers. (Briefing).World Insurance Growth Global growth in premium income dropped to 1% in 2001,from 6.8% in 2000, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Swiss Re's Sigma SIGMA - A scientific visual programming environment from NASA. http://fi-www.arc.nasa.gov/fia/projects/sigma/. "World Insurance in 2001" report. This was the lowest growth rate since 1980, due in part to the downturn in the capital markets. The global insurance industry also met serious challenges in 2001 including natural catastrophes, the re-emergence of asbestos asbestos, mineral asbestos, common name for any of a variety of silicate minerals within the amphibole and serpentine groups that are fibrous in structure and more or less resistant to acid and fire. claims, the Sept. 11 attacks, a continuous slide in the capital markets, Enron's bankruptcy and the uncovering of corporate accounting scandals Accounting scandals, or corporate accounting scandals are political and business scandals which arise with the disclosure of misdeeds by trusted executives of large public corporations. . The emerging markets remain rich in potential sales as they generated 10% of global life and nonlife premiums and account for 85% of the world's population. [GRAPH OMITTED] [GRAPH OMITTED] |
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