Global non-life premiums are expected to hit a decade-high growth level of 4.3% in 2024, following the repricing of risk over the past several years in response to elevated claims, according to Swiss Re’s sigma.
“Premium rates are now moderating, and we forecast softer global premium growth of 2.3% annually in real terms over 2025-26, below the 3.1% average of the last five years,” said the research report titled “Growth in the shadow of (geo-)politics,” which provides a global economic and insurance market outlook for 2025-2026.
Jérôme Jean Haegeli, Swiss Re’s group chief economist, said rates on the property/casualty side of the industr