Insurance economic drivers could outperform US economy by 2025, though hurdles remain: Triple I
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Insurance economic drivers could outperform US economy by 2025, though hurdles remain: Triple I

Shelby Rosenberg
October 18, 2023
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From 2020 to 2023, P&C replacement costs increased by 45% on average, whereas inflation for the overall US economy increased 15% within that same period, though the forecast expects that to change.

The Federal Reserve is projecting US GDP growth of 1.5% in 2024 and 1.8% in 2025.

“Growth drivers specific to P&C performance have been improving faster in 2023 than the rest of the US economy, after underperforming the wider economy...

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