Stronger profitability will enable the non-life insurance industry to increase capital and capacity to match growing demand as risks evolve, according to a new study by Swiss Re Institute.
The non-life insurance sector is swiftly adapting to a new era of higher interest rates, driven by the most significant monetary policy tightening since the 1980s. Research indicates that 2023 is a transitional year characterized by an enhanced global profitability landscape in non-life insurance.
