Insurance trends in 2024

The Sollers Prediction Report is based on economic data and talks with insurance industry executives and professionals in 15 markets across Europe, America and Asia-Pacific.  

In 2024, insurance companies must deal with several factors impacting the insurance market. We have covered them in the Sollers Prediction Report 2024 “Against the Wind”. 

Key messages:

• Claims inflation remains high 
• Increasing dependence on reinsurance 
• Insurers focus on data management to prepare for AI 
• Cloud migration of core systems will be prevalent 
• Realignment of core systems implementation programmes 
• APIs will be a pivotal factor 
• Political influence on insurance.

Our Predictions highlight how these will influence insurance outlook, specifically several markets such as: Germany, United Kindgom, London Market, United States, Nordic countries, CEE, France, Japan and Australia. 

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