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Global Economy and Insurance Market Forecast
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Swiss Re Institute predicts a global GDP growth slowdown to 2.2% in 2024 and highlights the importance of risk transfer in the insurance industry. The report warns of a higher risk of recession in Europe but foresees strong growth in savings products. Swiss Re anticipates sustained hard market conditions through 2024 due to insurance losses surpassing $100 billion from natural catastrophes.
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How might the predicted global GDP growth slowdown affect different regions and industries?
In what ways can the insurance industry innovate to mitigate losses from natural catastrophes?
What strategies can insurers adopt to navigate sustained hard market conditions?
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