"Insurance remains a growing industry — and reaching the $7 trillion mark for global premiums shows is a major milestone," Jerome Jean Haegeli, group chief economist, Swiss Re, said in a report. "However, these are not easy times and the insurers will need to keep a close eye on inflation and economic growth." (Credit: metamorworks/Adobe Stock)
Hardening rates in property & casualty lines, strong employment and income growth and more awareness around mortality and health risks will converge to drive global insurance premiums past $7 trillion this year, setting a new record, according to Swiss Re.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
