The insurance industry is transforming, driven by new tech, tax laws, and expectations: Being innovative, agile, and customer-centric can help it navigate complexities and bolster goodwill.

May 16, 2023 · The insurance sector is made up of companies that offer risk management in the form of insurance contracts. The basic concept of insurance is that one party, the insurer, will guarantee payment...

Nov 19, 2024 · The McKinsey Global Insurance Report looks at the key trends, challenges, and opportunities facing the global insurance industry in 2024 and beyond.

E ven as shifting global dynamics challenge insurers, the 2025 Global Insurance Outlook (pdf) shows there have never been more viable paths to innovation-led growth across the industry. Indeed, the huge gaps in protections against cyber and climate threats – with 99% of losses from cyberattacks and 60% from natural disasters uninsured …

The insurance sector can be defined as complex and dynamic, providing financial protection against risk to individuals and businesses, offering a wide range of products, including life insurance, health insurance, property and casualty insurance, and other specialized forms of …

Escalating frequency and severity of global risks—from climate change to cybercrime—is intensifying focus on the insurance industry’s capacity and readiness to react as society’s “financial safety nets.”

Jan 29, 2025 · The insurance market in the United States is one of the largest in the world, leading the industry with high premium volumes and employee numbers, as well as insurance company revenues.

Our findings highlight five trends that will influence the industry and five imperatives insurers need to consider as they rethink their strategies. It is an exhilarating and challenging time for an industry that is traditionally risk-averse and slow to change.

6 days ago · E ven as shifting global dynamics challenge insurers, the 2025 Global Insurance Outlook (pdf) shows there have never been more viable paths to innovation-led growth across the industry. Indeed, the huge gaps in protections against cyber and climate threats – with 99% of losses from cyberattacks and 60% from natural disasters uninsured – plus the massive shortfall in retirement savings ...

Jan 28, 2025 · Evolving market conditions, technology advancements and a shifting regulatory landscape are all major factors that are set to reshape the already dynamic insurance industry. During Baker Tilly's ...