The economic drivers of the U.S. property/casualty (P/C) insurance industry are now growing faster than the nation’s Gross Domestic Product (GDP) and are expected to gain further momentum in the event of Federal Reserve monetary rate cuts, according to the Insurance Information Institute’s (Triple-I) latest Insurance Economics Outlook.
Tag: insurance outlook
Insurance Economic Drivers Could Outperform U.S. Economy by 2025 But Major Hurdles Remain
The economic drivers of the U.S. property/casualty (P/C) insurance industry could cumulatively expand faster than the nation’s gross domestic product (GDP) in 2024 and may outperform the overall U.S. economy by 2025, according to the Insurance Information Institute’s (Triple-I) latest Insurance Economics Outlook.
Forrester Predictions 2023: Evolving Risks And Recession Fears Will Redefine Insurer Strategies
In 2023, insurance leaders will navigate turbulence unseen since the financial crisis of 2008, according to a report by Forrester.