Swiss Re analysts forecast an average increase in premium income in the life insurance sector of 3%
Global life insurance premiums will grow by 3% annually over the next two years, more than double the pace of the previous decade, according to analysts at international insurance group Swiss Re.
The average annual growth rate of premium income in the non-life sector is expected to be 2.6%, while higher interest rates, mainly in the US, will support the profitability of insurers.
The UkrStrahuvannya internet resource knows about this from the analytical report of the Swiss Re Institute.
Despite growing geopolitical risks, the authors of the report forecast global economic growth of 2.8% and 2.7% in 2025 and 2026, respectively. in accordance. “The outcome of the US election in 2024 could lead to large divergences between countries in terms of growth, inflation and central bank interest rate forecasts over the next two years,” the report said.
Thus, US real GDP is expected to grow by 2.8% in 2024, 2.2% in 2025, and 2.1% in 2026, respectively. Instead, Europe’s economy “will underperform the US and its own pre-pandemic trends”: 0.7% in 2024, 0.9% in 2025 and 1.1% in 2026.
China’s real GDP growth will slow to 4.6% in 2025 and 4.1% in 2026.