Answer: The insurance industry is expected to grow between 20 to 40% in the next 15 years.
Step-by-step explanation:
Insurance is the agreement between the insurer and the party to be insured to cover any financial risk. US is the largest insurance market entity is expected to see a growth between 20 to 40%. The industry is expected to have a robust growth in the developing regions of the country.
For every decade the insurance for life and annuity insurance policies are increasing gradually. The most invested insurance are life insurance and second second most invested policy are property or casualty.