Insurers face ‘critical risk’ of becoming irrelevant amid cat retreat: McKinsey
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Insurers face ‘critical risk’ of becoming irrelevant amid cat retreat: McKinsey

Marcel Le Gouais
February 16, 2023
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Global P&C insurers must reassert their relevance by reducing cat-related protection gaps to fulfil a societal desire for resilience, according to a McKinsey report.

The consultancy group warned that, after adjusting for rate growth, global commercial P&C premiums have lagged behind real global GDP growth during the past three years, indicating what it called “a drop in the relevance of commercial lines”.

While

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