P/C premiums may soar to $4.3T by 2040, report says


Property casualty insurance premiums could reach a global total of $4.3 trillion by 2040, more than twice last year's $1.8 trillion, according to a Swiss Re Institute report. Key drivers of rising premiums will be economic development and climate risk, with property lines forecast to experience the steepest growth in the two decades ahead, the report says.

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