Inflation Outlook for 2024: Outsourcing to the Rescue
According to a report by Swiss Re Institute Research, the US property and casualty industry is expected to see a significant improvement in profitability in 2023 and 2024, with return on equity (ROE) estimated to reach 8.0% and 9.5%, respectively. The report also forecasts premium growth of 7.5% in 2023 and 5.5% in 2024 1.