Jérôme Haegeli, Swiss Re’s chief economist, discusses its latest Sigma study. Global growth is slowing at a time of large macroeconomic regime shifts; extreme policy uncertainty is set to persist with the highest US goods tariffs since the Great Depression, the reinsurer’s report warns. This ep relates headline geopolitics to outcomes for insurance premium and claims trends – positive and negative – across lines of business, from marine cargo to motor, and property catastrophe reinsurance business. You can read the Swiss Re Sigma study “World insurance in 2025: a riskier, more fragmented world order”, here. https://www.swissre.com/institute/research/sigma-research.html