While 2008 has been touted as a good time to proceed with a global merger and acquisition (M&A) deal, it’s important to bear in mind that the world insurance outlook is mixed. According to the latest world insurance report from Swiss Re sigma, 2008 will see strong life insurance growth but stagnating non-life premiums, at best. Swiss Re projects that as the economic environment and capital markets stabilize, life insurance will resume its strong performance in the medium term, both in terms of growth and profitability. However, non-life premiums are expected to fall in the industrialized economies, though growth in the emerging economies will continue, albeit at a slower rate than in the recent past. Swiss Re notes that a further concern is rising global inflation, which will increase claims costs in liability insurance and other long-tail business lines as well as hamper profitability. The effects of the subprime crisis are expected to be limited. Check out the new edition of the I.I.I. International Insurance Fact Book for other global facts and stats.