Risks on the rise as headwinds blow stronger : global economic and insurance market outlook 2024-25

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<subTitle>: global economic and insurance market outlook 2024-25</subTitle>
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<abstract displayLabel="Summary">The world economy is set to slow in 2024, as cumulative monetary policy headwinds grow and growth impulses of 2023 fade. We see a dominant role for (geo)politics in driving the macroeconomic outlook. The growth slowdown and geopolitical uncertainty dampen the insurance outlook. Non-life claims are in focus, while life insurance premiums and profitability are recovering. Alternative economic scenarios are a reminder of the possible balance sheet risks for insurers</abstract>
<note type="statement of responsibility">Lucia Bevere</note>
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