The insurance industry faces a major change in 2025. Population statistics, impact on the climate, and geopolitical changes literally change the scenery in terms of FIG and promote adaptation to insurance companies. Facing new opportunities and risks, we hope that the industry will challenge orthodox and cause reinvational.
1. Aging population becomes dominant industrial power.
It is predicted that a longer life will be expanded and fertility will be pushed. The world’s median age Up from 30.9 in 2020 until 32 years old in 2025. However, those that make up “retirement age” shift to other traditional milestones, such as marriage and housing ownership.
Diversity is increasing in lifestyle and desire. As you get older, insurance companies will find new opportunities to innovate and coordinate health, life, and hybrid -tie -tie -to -handed health, life, and hybrid tie -tie -in -laws that meet the risk and complex needs of the elderly.
This innovation turned 60 years old in 2025, which is an urgency of Gen X, which is not ready compared to other generations cohort. For example, in the United States, 48 % of Gen Xers say they did it. There is no retirement plan– 7 points higher than the Millennial generation. Retirement services are strategic priority for the industry to reform the method of providing services to this economically powerful segment.
More retired people have gone far beyond this year and this industry. Medical providers, governments, and communities are struggling to expand their services for the elderly in a fierce labor market in competition, creating a different risk.
2. Property insurance creates an existing crisis.
Personal and commercial real estate accounts for about 30 % of the world’s P & C Premiums, and in recent years has achieved powerful rates and has promoted the growth of top lines. As this rising tide is increasingly claimed from catastrophic events associated with climate change, many insurance companies, re -insurance companies, and even the “last resort insurance company” will leave. I did it.
The catastrophic start up to 2025 in Southern California is the latest memories reminiscent of the devastating impact on people’s lives and communities. The growing consciousness continues to act.
Changes to such regulations California And Italy It requires a systematic solution that deals with the community level price setting and resilience. In 2025, we expect more public -private partnerships to increase the most affected community climate resilience.
3. Unstability promotes to concentrate on what can be controlled by insurance companies.
In an uncertain geopolitical world that drives volatility into a macro economic environment (interest rate, supply chain, multinational business, etc.), insurance companies look at what they know and control. The cost is known. As far as they can control, it is a place where insurance companies are trying to improve the complex ratio.
4. AI is a new talent segment that re -forms a talent strategy.
AI is currently involved in your business and is used by labor to enhance efficiency and make more effective decisions. In 2025, the insurance company focuses on the procurement skills needed to expand AI through corporate functions in the market.
A career path based on historical apprentices is confused by AI. Insurance companies will adopt a new approach to talent procurement and development. This includes that you can see far beyond your own walls for the full range of expertise and ability in the role of low -high domain expertise.
5. The pricing of the Lega Catenology ends CIO’s “kicking can”.
Air companies and CIOs, who want to get more years from Lega Catecology by delaying the modernization of resource -intensive technologies, will notice that they can run through toll roads. In the industry, dramatic prices of leggate technology increase ()LA VMware) Risks and economics of modernization have fundamentally changed in 2025, forcing the industry to take action (very delayed).
We are optimistic.
Four years ago, we released Revenue landscape 2025 Report It is predicted that the world insurance industry will increase to $ 7.5 trillion by the end of 2025. Current prediction The industry is beyond that with a global premium volume of $ 7.7 trillion by the end of the year. Whether the premium growth leads to highly profitable growth is our collective issue.
We believe that the industry will accept issues to recons us in 2025 issues. And I am looking forward to being at the center of the recurrence.
