Despite signs that the economy will rebound, the slow growth experienced during the first quarter of 2007 should put insurers in a cautious frame of mind, according to economists at Swiss Re.
“There's going to be less business,” said Kurt Karl, chief U.S. economist for Swiss Re, and he added, “You'll have fewer people employed, and fewer cars and fewer homes.”
In a report on the U.S. economic outlook, Mr. Karl and Arun Raha, a senior economist for Swiss Re, noted that while growth slowed in the first half, “the financial markets are signaling a second half turnaround, despite continued signs of mixed activity from economic data.”
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