** Shares of insurer QBE Insurance QBE.AX rise 1.2% to A$22.34
** QBE is expected to see an enhanced topline growth in 2025 due to positive global industry trends, as per Morgan Stanley
** Brokerage maintains "overweight" rating, hikes PT to A$25.05 from A$23.80
** Says global insurance industry is experiencing growth mode, with pricing near peaks and exposures continuing to grow, setting up mid- to high-single-digit premium growth across Property & Casualty and Specialty sectors
** Adds that the U.S. market presents significant growth opportunities for QBE, with premiums growing about 16% YoY in February for California, Florida and Texas
** Cyber insurance is perceived as a $24 billion opportunity, with Morgan Stanley's analysts estimating cyber insurance Gross Written Premiums growing at ~15% CAGR to $24 billion in 2027E
** QBE set for weekly gains of 2.3%
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.