McKinsey

NOVEMBER 16, 2022

The global life insurance industry is facing an inflection point. A fundamental reimagination will usher in significant change.

Insurance 91

Insurance Strategic Planning 91

McKinsey

APRIL 11, 2023

This represents an outsize year for insurer and enrollment growth. More than 3.6 million new consumers entering the market are choosing among an average of 88 plans.

Insurance 99

Insurance Healthcare 99

McKinsey

OCTOBER 8, 2020

The pandemic has created significant challenges for insurers and sped their digital shift. To stay competitive, carriers will need to radically transform their operating models and cost structures.

Insurance 136

Insurance 136

McKinsey

OCTOBER 14, 2021

As economies emerge from the pandemic and plan for the next decade of growth, insurance companies need to rethink the strategic function of risk.

Insurance 124

Insurance Management Management 124

McKinsey

MARCH 17, 2022

As insurers rethink agent relationships, American Family Insurance is looking ahead, investing in digital tools and solutions that help agencies stay on top of trends and changing customer needs.

Insurance 122

Insurance Solution 122

McKinsey

SEPTEMBER 15, 2022

Here’s the role insurers can play. The world’s transition to net-zero emissions will cost trillions of dollars and present new kinds of risks.

Insurance 106

Insurance 106

McKinsey

DECEMBER 21, 2022

Leaders in McKinsey’s insurance practice discuss industry trends and how companies can be successful by rethinking the life insurance model.

Insurance 93

Insurance Strategy Management Management 93

McKinsey

SEPTEMBER 30, 2021

Over the next decade, the fully tech-enabled insurer will bear little resemblance to today’s organization. Five trends, individually and in combination, will have a seismic impact.

Insurance 145

Insurance 145

McKinsey

JUNE 9, 2021

More incumbent insurers are considering building digital businesses. Three McKinsey experts discuss what to do—and with whom.

Insurance 142

Insurance 142

McKinsey

SEPTEMBER 15, 2022

Autonomous mobility has the potential to dramatically transform the automotive insurance market, from underwriting to claims and beyond.

Insurance 133

Insurance 133

McKinsey

AUGUST 23, 2021

Four insurance executives from around the globe weigh in on how distribution is changing, both in the wake of the pandemic and more broadly as customer and agent needs and expectations evolve.

Insurance 133

Insurance 133

McKinsey

FEBRUARY 15, 2022

The insurance industry struggles to create economic profit. But amid COVID-19’s enduring changes, opportunities await.

Insurance 140

Insurance 140

McKinsey

SEPTEMBER 13, 2021

In this podcast, McKinsey experts explore the insurance procurement themes executives should consider as the tremors from the pandemic push them to rethink their service-provider relationships.

Insurance 113

Insurance 113

McKinsey

MAY 2, 2022

In this podcast, three claims experts discuss what insurers should consider as they update their technology, ways of working, and workforces to bring forth the future of claims.

Insurance 95

Insurance 95

McKinsey

AUGUST 30, 2022

Managing general agents (MGAs) fill key roles in the insurance distribution chain. The more informed investors are about how MGAs function, the better they can recognize opportunities.

Insurance 91

Insurance Management Management 91

McKinsey

JUNE 23, 2020

Many insurers have experienced unsuccessful tech modernization efforts. To reverse this trend, insurers need to first become aware of common misconceptions—and then address them head-on.

Insurance 144

Insurance 144

McKinsey

MARCH 30, 2021

Professor Markus Warg, an ecosystem and platform enthusiast, discusses the role that big tech will play in insurance and the importance of setting the rules of the game within ecosystems.

Insurance 145

Insurance 145

McKinsey

MAY 25, 2023

Northwestern Mutual recently transformed its underwriting and life insurance purchase experience. Vice President Nichole Lecher discusses how.

Insurance 80

Insurance IT 80

McKinsey

JUNE 9, 2022

For US life insurers to address new and old challenges, they need a fresh approach to their business model and how they create value.

Insurance 108

Insurance 108

McKinsey

MARCH 4, 2022

Insurance executives are recognizing the power of innovation to accelerate the pace of company change. Yet for innovation to deliver long-term value, it must become embedded in a carrier’s DNA.

Insurance 126

Insurance IT 126

McKinsey

SEPTEMBER 9, 2022

Successful cloud migrations depend on knowing where the value for insurance lies in cloud and on business and IT working together.

Insurance 101

Insurance IT Performance Strategy 101

McKinsey

JUNE 13, 2020

As the COVID-19 crisis evolves, it will continue to affect insurance distribution around the world. Insurers can prepare by building a strategy focused on near- and long-term implications.

Insurance 144

Insurance Strategy IT 144

McKinsey

FEBRUARY 18, 2021

Private health insurance is a significant growth opportunity for insurers in Asia. To compete, insurers will need to reimagine their value propositions and rethink their operating models.

Insurance 79

Insurance 79

McKinsey

DECEMBER 4, 2020

To compete with digital players, traditional insurers should consider building their own new digital businesses. Markers across four critical areas can show if insurers are on track.

Insurance 128

Insurance 128

McKinsey

DECEMBER 1, 2022

As one of the most diverse sectors for entry-level workers, the insurance industry has a unique opportunity to help marginalized people advance. It starts with creating an inclusive environment.

Insurance 70

Insurance IT Leadership 70

McKinsey

FEBRUARY 22, 2023

Insurers in Europe, the Middle East, and Africa invest significantly in advanced analytics but have unlocked a fraction of the potential value. How do top performers tip the balance in their favor?

Insurance 86

Insurance Performance 86

Let's Grow Leaders

JUNE 25, 2020

Your Team’s Best Thinking Won’t Always Raise Its Hand Medical insurance rates had gone up again. Our company’s insurance provider had restructured all their plans, and the numbers didn’t look good. Three days after we got the news, the CEO, Director of […].

Insurance 562

Insurance Medical IT 562

McKinsey

MARCH 11, 2021

Uwe Stuhldreier—an executive at HUK24, Germany’s largest fully digital direct insurer—discusses a customer-centric, digitally enabled business model that could shape the future of insurance.

Insurance 64

Insurance Engineering 64

McKinsey

MAY 11, 2022

McKinsey senior partners Brad Mendelson and Kurt Strovink discuss insurance trends amid the COVID-19 pandemic and how insurers can adapt to stay ahead and capture customers.

Insurance 97

Insurance 97

McKinsey

DECEMBER 16, 2021

The senior adviser for the Tencent Group discusses the competitive advantages of WeSure, the group’s insurance-agency platform, and the wide-ranging challenges confronting modern insurers.

Insurance 94

Insurance 94

McKinsey

NOVEMBER 10, 2020

Despite market complexity, many opportunities exist for private equity players to create value in insurance. We studied the US industry and offer a set of investment recommendations to guide PE firms’ decisions.

Insurance 114

Insurance 114

McKinsey

APRIL 29, 2021

The ninth edition of McKinsey’s Global Insurance Pools database offers a detailed look at the insurance industry by region and line of business.

Insurance 85

Insurance 85

McKinsey

NOVEMBER 11, 2021

As Europe’s population ages and older adults’ needs broaden, insurers have a valuable opportunity to forge a path and build ecosystems to better serve the senior population.

Insurance 119

Insurance 119

McKinsey

MARCH 12, 2020

Today, insurers win by offering a product. Tomorrow, insurers will win by providing access to prevention and assistance services—and by offering the right product to the right customer at the right time.

Insurance 129

Insurance 129

McKinsey

AUGUST 3, 2022

In this report, McKinsey’s Center for US Health System Reform shares its analysis of the individual health insurance market and outlines trends in products, plans, and prices from 2014 to 2022.

Insurance 78

Insurance IT Healthcare 78

McKinsey

NOVEMBER 5, 2020

Insurers that can adapt their offerings could seize a sterling opportunity. UK small and medium-size enterprises are facing the recovery with a new set of needs.

Insurance 144

Insurance 144

McKinsey

JULY 3, 2020

Now more than ever, insurers are focusing on reimagining the role of technology, reinventing technology delivery, and future-proofing the foundation of core technology. Twelve articles dive deep into the what, why, and how.

Insurance 128

Insurance 128