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
Navigating Asia’s evolving market
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Insurance premium growth in Asia has slowed. Across both life and property and casualty lines, Asia’s insurers are at a pivotal juncture.
Capturing growth in Latin America
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Latin America’s insurance market is booming—both in premium growth and complexity. The opportunities available to global, regional, and local insurers are immense.
Closing the personal P&C protection gap
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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?
Expanding commercial P&C’s market relevance
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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.
Reimagining life insurance
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The global life insurance industry is facing an inflection point. A fundamental reimagination will usher in significant change.