on Swiss Re TEST (isin : CH0126881561)
US Tariffs Slow Global Economic and Insurance Premium Growth
Swiss Re Institute predicts a deceleration in global economic growth due to US tariffs. The global GDP growth is forecast to decrease to 2.3% in 2025, down from 2.8% in 2024. This slowdown is expected to impact the insurance industry, with premium growth reducing from 5.2% in 2024 to 2% in 2025. Life and non-life insurers face competitive pressures and an unstable policy environment.
According to Swiss Re, tariffs will mainly affect the US motor and construction lines, leading to increased claims severity. US motor physical damage is among the most impacted, with repair costs expected to rise by 3.8% in 2025. However, global growth may rebound slightly by 2026, supported by stabilizing labor markets.
R. H.
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