A protection gap looms over both P&C and life insurance. What do leading insurers need to know heading into 2023 and beyond? Published in three chapters—life, commercial P&C, and personal lines P&C—McKinsey’s Global Insurance Report 2023 offers a new level of granularity and precision of recommendations for how insurers can accelerate growth and exceed performance targets.
GLOBAL INSURANCE REPORT 2023
Insurance premium growth in Asia has slowed. Across both life and property and casualty lines, Asia’s insurers are at a pivotal juncture.
Latin America’s insurance market is booming—both in premium growth and complexity. The opportunities available to global, regional, and local insurers are immense.
Despite overall growth, personal P&C lines are losing market relevance and facing a growing protection gap, with a clear dichotomy between local winners and losers. What’s next?
The nature of risk is evolving faster than ever. Commercial carriers must step up to fulfill the societal desire for resilience in a volatile world by closing protection gaps—or risk losing relevance.
