Sign in
Stories
Global Growth Slowdown and Insurance Challenges
Share
Arch Capital Group's Q3 Financial Result...
European Insurers: Resilient Amid Challe...
Financial Industry Updates and Analysis
2024 P&C Rate Predictions
AM Best Affirms Credit Ratings of Philad...
AM Best Affirms and Withdraws Credit Rat...
Overview
API
Swiss Re Institute predicts a world GDP growth slowdown to 2.2% in 2024, fortifying the insurance industry against risks while anticipating a higher recession risk in Europe. The company foresees robust growth in savings products with global premiums expected to reach USD 4 trillion by 2033, amidst sustained hard market conditions due to natural catastrophe losses exceeding $100 billion annually.
Ask a question
How might the predicted world GDP growth slowdown impact different regions and industries?
In what ways can the insurance industry innovate to mitigate the impact of natural catastrophes on market stability?
What strategies could insurers implement to navigate sustained hard market conditions effectively?
Article Frequency
0.2
0.4
0.6
0.8
1.0
Nov 2023
Dec 2023
Jan 2024
Feb 2024
Coverage
artem
busin
insur