Eurozone collapse remains top threat for insurance industry – Swiss Re chief economist

Policy mistakes could still kill economic recovery, Insurance Risk Europe conference hears

The eurozone crisis remains the major threat for insurers, more so than a sharp rise in inflation or a hard landing of China's economy, according to Kurt Karl, chief economist and managing director at Swiss Re.

Speaking at the Insurance Risk Europe conference in London, Karl warned that while the global economy is on a positive track, policy errors could derail it. "Policy mistakes are still possible. Slipping back into recession is still possible," he said.

Karl warned of the potentially