"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:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 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]

Commercial Lines
Auto
Personal Lines