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Economic recovery from COVID-19 to drive global insurance premiums to $7tn: Swiss Re

July 15, 2021

A new report from global reinsurance company Swiss Re suggests that a strong economic recovery from the COVID-19 pandemic will drive insurance market premiums much higher, lifting them to a record almost US $7 trillion by the end of 2021.

Swiss Re’s 2021 world insurance premium sigma report forecasts that because of the strong recovery from the pandemic, historically high global real gross domestic product (GDP) growth of 5.8% will be seen in 2021.

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