January 2025 report from the Geneva Association, titled “Insurance in a Fragmented World Economy,” found that geopolitical tensions have driven the global economy toward “geoeconomic fragmentation.”
Geoeconomics refers to the intersection of geopolitical forces and economic policies. The report highlights how this dynamic can create increased fragmentation as nations adopt policies that prioritize national security over efficiency. This can result in substantial spending and rising debt levels.
“Geoeconomic fragmentation signals a shift toward national security and resilience over economic efficiency, disrupting free trade and globally integrated supply chai