The post-COVID-19 pricing imperative for P&C insurers

Pricing excellence has always been a prerequisite for value generation, but it will be even more critical as insurers recover from the crisis.

 
With the global economy reeling from the COVID-19 pandemic, the pressure on the property and casualty (P&C) insurers’ revenues is intensified. The expected dramatic decline in global GDP and the strong correlation of GDP with gross written premiums (GWP) imperil the P&C insurance industry’s financials (Exhibit 1).

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Πηγή: mckinsey