The insurance industry 2025: What’s ahead?

December 31, 2024 by Doug Bailey

With so many variables and unknowns swirling around the insurance industry, forecasting what’s ahead for 2025 and beyond is an exercise fraught with unusual difficulty. Climate changes, spiraling costs, political and technological upheavals, legal abuse, labor shortages, along with overall uncertainties, make crystal balling nearly impossible.

“The insurance cycle has increasingly moved from being boringly predictable – knowing exactly where you were going to be in five and 10 years’ time – to a much more volatile environment,” said Tony Tarquini, founder, and CEO of 5189 Limited, a British financial management consultancy.

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Originally Posted at InsuranceNewsNet on December 30, 2024 by Doug Bailey.