The global insurance industry attracted over $2bn (£1.2bn) in premium income in 2001, according to a new survey by Swiss Re.
The slow rise in premium growth of 1% in 2001 was the lowest growth rate recorded since the beginning of the 1980s.
The research highlightsed turbulence and a high claims burden as the factors shaping the global insurance market.
Of the $2bn (£1.2bn) income, $1bn (£800m) was attributed to life insurance and $969bn (£617m) to the non-life sector.
The rsearch concluded that despite price hikes, non-life insurers' profitability suffered in 2001.
Claims from the September 11 attack, reserve strengthening from the days of the soft-market and falling investment returns on the back of share price collapses all took their toll on insurers' financial results, it says.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
