Reported 2 days ago
Global insurance premiums fell in 2024, marking the first decline since 2017, primarily due to lower interest rates. BofA Securities analyst Joshua Shanker discusses potential growth for the insurance sector, highlighting that higher investment returns from increased rates could lead to pricing relief for consumers. While insurance stocks currently trade at a discount compared to the overall market and are typically slower-growth investments, Shanker points out opportunities in companies like Progressive (PGR) and Corebridge Financial (CRBG).
Source: YAHOO