New reporting from McKinsey indicates that too many insurers are taking risk-aversion too far and in the process they are widening the current protection gaps. (freshidea/Adobe Stock) New reporting from McKinsey indicates that too many insurers are taking risk-aversion too far and in the process they are widening the current protection gaps. (freshidea/Adobe Stock)

First, the good news: Since 2019, personal property and casualty (P&C) insurance revenues have grown an average of 3% a year, and the industry proved its resilience during the pandemic. From 2016 to 2021, personal carriers saw a 5 % improvement in their operating expenses.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Technology Solutions
Commercial Lines
Personal Lines
Emerging Risk