Swiss Re Institute | Maintaining resilience as a new world order takes shape
Ongoing global crises will renew focus on “real” economy issues. Insurers can help maintain resilience as a new world order takes shape for instance by providing businesses with protection against earnings volatility as operating conditions change, and as investors in a sustainable future.
Supply chain restructuring will be a main tenet of the new world order. With reshoring generating an estimated USD 30 billion in commercial insurance premiums over five years. If stated targets to increase renewable energy capacity are fulfilled, global green energy infrastructure investments could generate USD 237 billion in new premium volumes by 2035. Agriculture insurance uptake needs to increase to mitigate food security concerns.
"The world faces supply chain disruptions, and energy and food crises. Insurance is becoming even more vital, supporting the global economy with protection against the risks inherent in the shift to a new multi-polar world order."
Jerome Jean Haegeli, Group Chief Economist, Swiss Re