Swiss Re - Global economic and insurance market outlook 2023/24

The Economic Stress Reprices Risk report provides valuable insights into the global economic and insurance market outlook for 2023/24. The report highlights that financial stability risks are beginning to emerge not only in the US but also in other parts of the world, and the balance of risks overall is skewed towards more pessimistic scenarios. Systemic risk for the financial market infrastructure, including higher liquidity and default risk, is a key area to monitor. Worse liquidity conditions could make government bond yields more vulnerable to market shocks, while tightening financial conditions could lead to higher default rates. Rising inequality within and between countries has the potential to damage social cohesion and international cooperation. Geopolitical tensions are high, with the pandemic and war in Ukraine deepening fragmentation and geopolitical competition. The report provides alternative scenarios and «signposts» that act as early signals of new developments, allowing for timely adjustments to the baseline expectations. The report also includes contact information for Swiss Re Management Ltd and the authors of the report. Overall, the report provides a comprehensive analysis of the global economic and insurance market outlook, highlighting key risks and opportunities for the future.