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However, the insurance industry has been recovering from pandemic-driven disruptions. And a rising demand for customized assistance should drive the specialty insurance industry’s growth in the long run. Indeed, the global specialty insurance market is expected to grow at a 9.3% CAGR over the next nine years to $178.52 billion by 2030. Moreover, because analysts and industry experts predict a potential tapering of monetary policy ahead of Fed’s proposed timeline, the insurance industry’s profit margins are likely to improve.
Given this backdrop, we think insurance stocks Loews Corporation (L), AXIS Capital Holdings Limited (AXS), and Stewart Information Services Corporation (STC), with solid profit margins and rosy growth prospects, are better bets than ROOT now.
