War, inflation, interest rate hikes and supply chain bottlenecks – the current economic outlook is uncertain. What impact are the current economic and global circumstances having on insurance?
We’ve put together an overview in which we list and assess the current challenges.
Overview of economic distortions
Conclusion:
The insurance industry is also feeling the effects of the current economic challenges in the form of higher internal costs and higher claims costs. For businesses, this means higher premiums, less attractive insurance solutions and fewer insurance options. At the same time, the insurance industry and businesses also need to define new approaches to the handling of resources and thus meet increased requirements with respect to sustainability.
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Authors:
Marco Buholzer, CEO, and specialist teams