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Global outlook : insurance industry strengthens resilience in challenging environment, says Swiss Re Institute

 
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<title>Global outlook : insurance industry strengthens resilience in challenging environment, says Swiss Re Institute
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<abstract displayLabel="Summary">Zurich/London, 21 November 2023. After a resilient 2023 powered by strong US economic growth, the world economy is expected to slow by 0.4 ppts. to 2.2% real GDP growth in 2024. Major economies are diverging with the US continuing to grow, Europe stagnating and China grappling with structural domestic growth challenges. The conflict in the Middle East is heightening risks to the macroeconomic outlook. According to the sigma "Risk on the rise as headwinds blow stronger" the global insurance industry's strengthening financial position offers welcome reinforcement against elevated macroeconomic and geopolitical risks</abstract>
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<text>21 november 2023 ; 4 p.</text>
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