Global Insurance Report 2023: Reimagining life insurance

McKinsey Public & Social Sector Insights

The global life insurance industry is facing an inflection point. Insights on Financial Services Insurance Strategic planningA fundamental reimagination will usher in significant change.

Creating an inclusive environment in insurance

McKinsey Public & Social Sector Insights

As one of the most diverse sectors for entry-level workers, the insurance industry has a unique opportunity to help marginalized people advance. Insurance Diversity Women & Leadership

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How personalization at scale can invigorate Asian insurers

McKinsey Public & Social Sector Insights

Insights on Financial Services Insurance Asia-Pacific Digital strategy and organization AnalyticsThe surge in digital consumer interactions is making possible a new era of gathering, analyzing, and responding to individual customer data strategically and with precision.

Capturing the climate opportunity in insurance

McKinsey Public & Social Sector Insights

Here’s the role insurers can play. Insights on Financial Services Property & casualty insurance Climate changeThe world’s transition to net-zero emissions will cost trillions of dollars and present new kinds of risks.

Insurance MGAs: Opportunities and considerations for investors

McKinsey Public & Social Sector Insights

Managing general agents (MGAs) fill key roles in the insurance distribution chain. Insights on Financial Services Insurance Top team effectivenessThe more informed investors are about how MGAs function, the better they can recognize opportunities.

Insurance: Transforming risk and compliance

McKinsey

As economies emerge from the pandemic and plan for the next decade of growth, insurance companies need to rethink the strategic function of risk. Risk & Resilience Insights Insurance Risk management organization

Creating value, finding focus: Global Insurance Report 2022

McKinsey

The insurance industry struggles to create economic profit. Insights on Financial Services InsuranceBut amid COVID-19’s enduring changes, opportunities await.

Building new digital businesses in insurance

McKinsey

More incumbent insurers are considering building digital businesses. Insights on Financial Services InsuranceThree McKinsey experts discuss what to do—and with whom.

The new standard for insurance claims

McKinsey

In this podcast, three claims experts discuss what insurers should consider as they update their technology, ways of working, and workforces to bring forth the future of claims. Insights on Financial Services Individual insurance Financial Services

Unbundling value: How leading insurers identify competitive advantage

McKinsey

For US life insurers to address new and old challenges, they need a fresh approach to their business model and how they create value. Insights on Financial Services Insurance

How American Family Insurance is investing in the agency channel

McKinsey

As insurers rethink agent relationships, American Family Insurance is looking ahead, investing in digital tools and solutions that help agencies stay on top of trends and changing customer needs. Insights on Financial Services Individual insurance Health Care Financial Services

What every insurance leader should know about cloud

McKinsey Public & Social Sector Insights

Successful cloud migrations depend on knowing where the value for insurance lies in cloud and on business and IT working together. Digital Insights Insurance Cloud computing Digital strategy and organization IT cost & performance improvement Innovation Leadership

A new age for insurance procurement

McKinsey

In this podcast, McKinsey experts explore the insurance procurement themes executives should consider as the tremors from the pandemic push them to rethink their service-provider relationships. Insights on Financial Services Insurance

Tech-driven insurers: How to thrive in 2030

McKinsey

Insurance operating models are on the verge of a fundamental change. To thrive in 2030, insurers must commit to a specific role and take action now to secure the tech capabilities they need. Insights on Financial Services Insurance

How to harness the power of teams in life insurance

McKinsey

Teaming can unlock significant value in North America’s life insurance sector, but only if insurance carriers reimagine their distribution model across five dimensions. Insights on Financial Services Life insurance

Cowbell Cypher Creates Insurance Opportunity for MSSPs

Channel Insider

Cowbell Cyper currently has a network of 6,000 insurance agents and brokers through which organizations with up to $1 billion in revenues can sign up for cybersecurity insurance coverage. “We provide affordable cyber insurance,” he said. Security Before Insurance.

CEO brief: The future of business building in insurance

McKinsey

Insurance executives must drive a shift in business from methodical to adaptive and faster. Insights on Financial Services Insurance

Unlocking the potential of deeper customer-agent-insurer relationships

McKinsey

When done well, building more holistic customer relationships is a win-win-win for customers, agents, and insurers. Insights on Financial Services Insurance

Going all in: How one insurer updated its technology stack

McKinsey

Enrique Laso of MAPFRE USA discusses the insurer’s decision to undertake a massive modernization effort and how it successfully managed this change while meeting its technical objectives. Insights on Financial Services Insurance United States

Countering inflation: How US P&C insurers can build resilience

McKinsey Public & Social Sector Insights

As property and casualty insurers in the United States struggle to maintain profitability, executives will need to direct a coordinated response across pricing, underwriting, claims, and other functions. Insights on Financial Services Insurance Strategy Leadership

A wave of innovation: The state of insurance in Asia and North America

McKinsey

McKinsey senior partners Brad Mendelson and Kurt Strovink discuss insurance trends amid the COVID-19 pandemic and how insurers can adapt to stay ahead and capture customers. Insights on Financial Services Insurance

Revolutionizing insurance: The personalized insurance engine

McKinsey

Uwe Stuhldreier—an executive at HUK24, Germany’s largest fully digital direct insurer—discusses a customer-centric, digitally enabled business model that could shape the future of insurance. Insights on Financial Services Insurance

Connected revolution: The future of US auto insurance

McKinsey Public & Social Sector Insights

Autonomous mobility has the potential to dramatically transform the automotive insurance market, from underwriting to claims and beyond. Insights on Financial Services Financial Services Disruptive Technology Growth

What P&C insurers can do as claims inflation pressures results in Europe

McKinsey Public & Social Sector Insights

Insights on Financial Services Insurance EuropeClaims executives can use a structured approach that includes transparent tracking, tactics, and strategic actions to tackle claims inflation in the short term and in the future.

Four executives on the future of insurance distribution

McKinsey

Four insurance executives from around the globe weigh in on how distribution is changing, both in the wake of the pandemic and more broadly as customer and agent needs and expectations evolve. Insights on Financial Services Insurance

How insurers can act on the opportunity of digital ecosystems

McKinsey

Professor Markus Warg, an ecosystem and platform enthusiast, discusses the role that big tech will play in insurance and the importance of setting the rules of the game within ecosystems. Insights on Financial Services Insurance

Climate and insurance: How carriers are preparing for a net-zero future

McKinsey Public & Social Sector Insights

Decarbonization means a new risk landscape and new strategic skill sets for insurers. Insights on Financial Services Insurance Climate changeMcKinsey subject matter experts from around the world discuss the shifts they’re seeing and the road ahead.

Insights into the 2022 individual health insurance market

McKinsey Public & Social Sector Insights

In this report, McKinsey’s Center for US Health System Reform shares its analysis of the individual health insurance market and outlines trends in products, plans, and prices from 2014 to 2022. Insights on Healthcare Systems & Services Individual insurance United States

Developing an effective M&A blueprint for insurers

McKinsey

The North American insurance industry needs systematic capabilities to support programmatic deal making. Insights on Financial Services Insurance Mergers & acquisitionsA good place to start is the where, why, and how of an effective M&A blueprint.

Underwriting talent: Strategies for property and casualty insurers

McKinsey

Insights on Financial Services InsuranceFast-moving market conditions are putting new and more intense demands on underwriting. Updated talent strategies can help carriers meet this challenge.

Insurance of the future: An interview with Ren Huichuan of Tencent

McKinsey

The senior adviser for the Tencent Group discusses the competitive advantages of WeSure, the group’s insurance-agency platform, and the wide-ranging challenges confronting modern insurers. Insights on Financial Services Insurance China

Global Insurance Pools statistics and trends: An overview of life, P&C, and health insurance

McKinsey

The ninth edition of McKinsey’s Global Insurance Pools database offers a detailed look at the insurance industry by region and line of business. Insights on Financial Services Insurance

Will Asian insurers make the right choices for health insurance?

McKinsey

Private health insurance is a significant growth opportunity for insurers in Asia. To compete, insurers will need to reimagine their value propositions and rethink their operating models.

Pathway to distinctive performance: M&A options for European insurers

McKinsey

As European insurance players reassess their strategic options in light of the pandemic, M&A can strengthen competitiveness and enhance performance. Insights on Financial Services InsuranceHere’s what companies should consider.

How top tech trends will transform insurance

McKinsey

Over the next decade, the fully tech-enabled insurer will bear little resemblance to today’s organization. Five trends, individually and in combination, will have a seismic impact. Insights on Financial Services Financial Services

Coronavirus and Business Interruption Insurance

Internicola Law Firm

Is Business Interruption Insurance a form of relief for small business during this pandemic? What is Business Interruption Insurance. Can Small Businesses Claim Business Interruption Insurance to Replace their Lost Income?

How insurance can help combat climate change

McKinsey

In the transition to a green economy, the insurance industry can play a critical role in helping stakeholders manage risk. Insights on Financial Services

Grow or exit? Overcoming the scale trap in life insurance closed books

McKinsey Public & Social Sector Insights

The COVID-19 pandemic has exacerbated challenges for insurers in continental Europe. M&A deals with closed-book players can help insurers continue to create value. Insights on Financial Services Pensions & employee benefits Europe Risk Management Corporate strategy

Five steps to improve innovation in the insurance industry

McKinsey

Insurance executives are recognizing the power of innovation to accelerate the pace of company change. Yet for innovation to deliver long-term value, it must become embedded in a carrier’s DNA. Insights on Financial Services Financial Services

The CEO’s risk agenda: An insurance perspective

McKinsey

Insights on Financial Services InsuranceIn a fast-changing business environment, CEOs who prioritize a new, holistic risk management approach will add value to their organizations—and to their customers too.