Global outlook: Insurance industry strengthens resilience in challenging environment, says Swiss Re Institute
Major economies are diverging with the US continuing to grow, Europe stagnating and China grappling with structural domestic growth challenges.
- Major economies are diverging with the US continuing to grow, Europe stagnating and China grappling with structural domestic growth challenges.
- According to the sigma "Risk on the rise as headwinds blow stronger" the global insurance industry's strengthening financial position offers welcome reinforcement against elevated macroeconomic and geopolitical risks.
- Jérôme Jean Haegeli, Swiss Re's Group Chief Economist, says: "Fading economic tailwinds and geopolitical uncertainties reinforce the primary insurance industry's essential role in risk transfer.
- The adjustment to the new normal of higher interest rates is supportive for the global life insurance industry.