The insurance industry continued to expand and regain financial strength during 2004, according to Swiss Re's latest sigma study.
In the global economy inflation-adjusted premiums rose by 2.3%, to $3,244bn, the study found.
It also noted a trend in positive results as a key highlight of 2004.
Swiss Re head of economic research & consulting Thomas Hess said: “Non-life insurers reaped the benefits of focusing on underwriting discipline.
“With its financial strength improving further in 2004, the industry is in good shape to leverage growth opportunities in 2005.”
