A growing protection gap in both developed and developing countries indicates that insurers struggle to design products fit for the evolving and emerging risks that modern personal-lines consumers demand.
Tag: McKinsey report
McKinsey Report: Expanding Commercial P&C’s Market Relevance
The nature of risk is evolving faster than ever. Commercial carriers must step up to fulfill the societal desire for resilience in a volatile world by closing protection gaps—or risk losing relevance, according to a report by McKinsey.