Swiss Re Institute: global economic and insurance outlook 2022/2023

摘要

The latest sigma study from Swiss Re Institute forecasts the global insurance industry to reach a new record in global premiums by mid-2022, exceeding US$7 trillion, reflecting rising risk awareness, increasing demand for protection and rate hardening in non-life insurance commercial lines. Swiss Re said that the insurance industry outlook is also supported by a strong cyclical recovery from the Covid-19 shock, but economic growth is expected to slow in the next two years due to an unfolding energy price crisis, prolonged supply-side issues, and inflation risks. Jerome Haegeli, Swiss Re group chief economist, said: "The economic recovery we are experiencing is cyclical and not structural, with macroeconomic resilience weaker today than before the Covid-19 crisis. As such, we should be anything but complacent. Given its capacity and expertise to absorb risks, the insurance industry is crucial in making societies and economies more resilient. Yet for inclusive and sustainable growth, everyone must be on board. Green growth is sustainable only if it is also inclusive. We have a unique opportunity to build a better market system. For this, all stakeholders will need to accept and internalise the costs of climate change, and policymakers to take into account the distributional effects of their economic policies across their populations. This will help to create the transition we need for a sustainable path to a net-zero economy by 2050."