McKinsey & Company
McKinsey & Company is a global management consulting firm founded in 1926 by University of Chicago professor James O. McKinsey, that offers professional services to corporations, governments, and other organizations
See below for the Latest McKinsey & Company News, Analysis, Profit Results, Share Price Information, and Commentary
Asia grapples with pension system strain as population ages
Emerging markets face a pension savings shortfall of $74t.
Asia grapples with pension system strain as population ages
Emerging markets face a pension savings shortfall of $74t.
Insurers adapt to serve Hong Kong, Singapore family offices
UHNW and HNW families are expected to reach $5.8t in wealth by 2030.
Asia faces $74t retirement income shortfall
Emerging markets in Asia face a $74 trillion pension savings shortfall.
APAC insurance risk officers confront these 3 top concerns head-on
Discover how 2 insurance leaders tackle conduct risk, cybersecurity, and business model evolution.
McKinsey highlights critical insurance strategies for 2024
Chief risk officers at a roundtable stressed the importance of capital management.
Insurers and private capital firms strengthen ties
Private-capital-backed insurers have gathered nearly $700b in assets through 2023.
Insurers face customer churn as prices rise in select products
Experts pin 3 ways to adapt to a more ‘demanding’ customer base.
How women in power are the key to business success
Industry experts share their thoughts on how women in business can be the ultimate growth driver.
Asia’s mortality protection gap grim by 2030, prediction shows $119t rift: report
Cyber insurance market in Asia is projected to triple in size from 2022 to 2025.
P&C insurance must close protection gaps or risk becoming irrelevant: McKinsey & Company
P&Cs in the Asia Pacific stand at only 0.5% of real GDP or half of the global penetration ratio.
Commercial carriers must close protection gaps to avoid losing relevance - McKinsey report
McKinsey & Company’s Senior Partner Bernhard Kotanko discusses the company's recent report on commercial property and casualty insurance in Asia. He says that the commercial P&C industry globally has seen growth in the 6-8% CAGR range since 2018 with a very hard market and strong rates. However, he warns that the industry is now at an inflexion point with new risks emerging, such as cyber, climate change, managing risks along new value chains, and business interruptions. Kotanko recommends that insurers invest more in market-making and put more emphasis on Asia whilst understanding how they can develop distribution models to be closer to their customers.
Top three things killing the insurance industry
Thanks to these threats, 54% of insurers had an ROE below their cost of equity.
Women in insurance: What’s blocking the way to diversity?
Unconscious bias and ‘double shifting’ are just some of the known hurdles.
Why are insurers barely earning the cost of capital?
These issues have plagued the industry for a decade.
Commentary
Intelligent decisioning: The essential element of a modern, customer-centric insurance business
Going green carries its own environmental risks