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17 February 2020

Insurance Growth Report 2020 - Part 1

17 February 2020

1. Introduction

As we enter a new decade the outlook for the insurance industry has never been more finely balanced. The green shoots of market hardening that first emerged in 2018 appear to have taken root in 2019.

Losses from natural catastrophes were down. And innovative technologies that promise benefits across the entire re/insurance value chain are maturing. But challenges remain.

At the time that this report was put together, the impact of the coronavirus outbreak was only just starting to be felt. Political and economic headwinds had been strengthening and only moderate growth was forecast, with loose monetary policy showing few signs of easing. And the impact of climate change was becoming difficult to ignore, making the risk outlook more difficult to predict.

It is against this backdrop that (re)insurance businesses around the world have been seeking growth – looking to balance the risks they face by pursuing the right opportunities to deliver the right growth.

M&A activity continued to be a crucial route to growth for (re)insurance businesses in 2019 – with the volume of transactions hitting a four-year high even if the year was a tale of two halves, and mega-deals remaining a feature over the past twelve months, with 20 transactions valued at more than USD 1 billion in 2019.

Clyde & Co's Insurance Growth Report 2020 is split into three parts.

Part 1

This first report offers an overview of the M&A activity across the globe by bringing together data on completed mergers & acquisitions in 2019 with expert analysis from our partners around the world.

The report analyses the key trends behind the figures that dominated the market in 2019 – including market remediation, the desire for baked-in technology and regulatory change across the globe – and examines the changing picture for transactions across borders and regionally. While overseas targets remain popular for M&A, there has been a defined shift in buying patterns, and deal-makers in the US, Europe, Asia Pacific and MEA are having to proceed in the face of challenges unique to their regions, not least the US presidential elections, Brexit and the coronavirus.

The report also throws a spotlight on the distribution dynamic, as availability of new, better and different distribution channels to secure access to customers continues to be a key growth driver that spans a number of areas of the market. We look at how technology is both aiding and disrupting channels including bancassurance, MGAs and the Lloyd's market.

Download Part 1 of the Insurance Growth Report 2020 

About the report

Produced

17 February 2020

Location:

UK & Europe

About the report

Produced

17 February 2020

Location:

UK & Europe

End