image credit: Unsplash

Swiss Re forecasts strong growth and improved profitability for US P&C insurance in 2024

January 11, 2024

The US Property and Casualty (P&C) insurance industry is poised for a robust year in 2024, as indicated by a recent report from the Swiss Re Institute.

The industry enters the new year with strong momentum, following a period where profitability lagged behind insurers’ cost of capital.

However, 2023 saw a turnaround, with strong premium increases, easing claims cost inflation, and higher investment returns contributing to a boost in industry results by the second half.

Read More on Reinsurance News