During 2010 , the insurance sector globally managed to overcome the effects of the economic crisis, with re-growth of insurance premiums especially in some economies, particularly in the life insurance sector, positive returns on investment, and certainly, associated with it, to strengthen the position of solvency. However, the prospects for future economic growth and employment in developed economies were uncertain and slow. Premium growth in non-life insurance sector was hit by low economic growth, unemployment and lower incomes in many economies. Compared to 2010 life insurance sector suffered from slow global growth in demand. Practically, the demand for life insurance products met with strong competition from the banking sector in order to strengthen their sources of funding, but also because of a significant reduction in demand due to the illiquidity of the citizens, the economy and the state, for long-term products of the insurance sector.