Commercial and specialty property and casualty (P&C) insurance industry remade by COVID-19

Commercial and specialty P&C insurance industry remade

The future holds uncertainty for commercial and specialty-line insurers as they consider the industry impact to evaluate current and future opportunities. What are the key considerations in evaluating industry exposure?

1. Industry exposure to the effect of the pandemic
2. The size and stability of insurers 
3. Extent of government intervention varies by sector
4. Short-tail vs. long-tail risks
5. Geographical variation

Given the numerous uncertainties, we explore how the insurance sector might evolve over the next one to three years so leaders can:

• Explore how trends we see during the pandemic could shape what commercial and specialty P&C insurance may look like in the medium term.
  
• Have productive conversations around the lasting implications and impacts of the crisis.
• Identify decisions and actions that will improve resilience to the rapidly changing landscape.
• Move beyond responding to the crisis, and towards recovering in the medium term.