The insurance industry faced major changes in 2025. Population statistics, climate impact and geopolitical changes are changing the landscape (literally and image), and will promote insurance companies to adapt. Faced with new opportunities and risks, we expect the industry to challenge orthodox challenges and reshape.
1. The aging population has become the main industry forces.
The life span is longer, and the fertility rate is expected to be promoted Global median age By the age of 32 in 2025 (from 30.9 in 2020). However, the “retirement age” is transferred with other traditional milestones (such as marriage and house ownership).
The diversity of lifestyles and desires is greater. With the age of people, insurance companies will discover new opportunities to innovate and tailor -made health, life and mixed retirees to meet the life risks and complex needs of the elderly.
This innovation will become the urgent issue of generations. The oldest members are 60 years old in 2025. Compared with other generations of associates, many people are not ready. For example, in the United States, 48 % of Xers indicates that they have done No retirement plan-In 7 points higher than the millennial generation. Retirement services have become a strategic priority of the industry because operators have reshaped how to serve the strong economy.
There are more retirees than the world. This is a challenge, far exceeding this year and the industry. With healthcare providers, it is difficult for the government and communities to expand the service of the elderly in the competitive labor market, which has caused the risk of interconnection.
2. Property insurance caused a crisis of survival.
Individual and commercial properties account for about 30 % of the global P & C premium. In recent years, with the highest productivity growth, the highest growth has increased. With the increasing claims related to the catastrophic incidents related to climate change, many insurance companies have promoted many insurance companies, reinsurance companies and even public “final insurance companies” to withdraw from the catastrophic events. Weaken.
Starting destruction By 2025, Southern California is the latest reminder of people’s impact on people’s lives and communities. More and more consciousness will continue to stimulate action.
Regulatory changes in the image California In place Italy It is a beginning, but it is necessary to solve the system solution of pricing and toughness at the community level. In 2025, we hope to see more public -private partnerships, aiming to improve the climate toughness of the most affected communities.
3. Unstable drives insurance companies to focus on what they can control-cost.
In an uncertain geopolitical world, fluctuations will enter the macroeconomic environment (such as interest rates, supply chains, and multinational companies), and insurance companies will turn to what they know and what they can control. The cost can be known. To some extent, they are controllable, which is where insurance companies seek to increase the merger ratio.
4. AI is a new talent field for reshaping talent strategies.
AI is now in your business and is used by labor to improve efficiency and make more effective decisions. In 2025, insurance companies will focus on expanding the purchasing skills required by AI in market and company functions.
The professional path of historic apprentices has been interrupted by AI. Insurance companies will adopt new methods for talent procurement and development, including far beyond their own walls to seek professional knowledge and ability to achieve professional knowledge roles in low to high.
5. The pricing of inheritance technology is CIO’s “kick”.
The carrier and CIO hope to gain a few years from their traditional technologies by delaying the modernization of resource -intensive technology, which will find that they are kicking out a toll road. The industry will see the sharp rise in old technology (La vmwareTo. Modern risks and economics will be fundamentally changed in 2025, forcing the industry to take (delay) operations.
We are optimistic.
Four years ago, we published Income Landscape 2025 Which report We predict that by the end of 2025, the global insurance industry revenue will increase to $ 7.5 trillion. Current forecast The industry will surpass this number in the global total premium sales of By the end of the year, $ 77 trillion. Whether advanced growth is transformed into a favorable chart will be our collective challenge.
We believe that the industry will face the challenge of 2025, and we look forward to the core of resolution.
