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Even in the optimistic scenario, overall U.S. life and non-life insurance premiums might increase only about 3% in 2021 and about 1.5% in 2022. (Photo: Shutterstock)

A team of insurance industry analysts says the world economy could follow one of four paths from now through 2022. One of the scenarios looks pretty good, one looks great, and two look awful.

Jérôme Jean Haegeli, the chief economist for the Swiss Re Group, and other forecasters put the four economic scenarios in a new report on the state of global insurance markets. The report was issued by Swiss Re Institute, a Swiss Re Group research arm.

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