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

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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.

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.