ACORD, the standards-setting body for the global insurance industry, has released the results of 2023’s first ACORD Global Stock Index Update.
The ACORD Global Insurance Stock Index tracks the performance of the world’s largest publicly traded insurance carriers in both the life and non-life sectors. The latest update includes a new metric that assesses insurer stock performance relative to digital maturity.
The update revealed a positive year-over-year return of +2.9% for the insurance industry, contrasted with a -9.1% decline in the global equity market.
