We are pleased to present the Clyde & Co’s annual Insurance Growth Report 2019.
M&A has been gathering momentum with deals on the corporate agenda – there were 382 deals in 2018, a 9% increase on 2017. With the exception of the Middle East & Africa, all major geographic regions recorded an increase in transaction activity.
However, as we look ahead to the coming year, Brexit, trade wars and protectionism are casting long shadows. We expect 2019 to be a year of two halves with a lull in M&A activity in some markets in the first six months followed by a return to form later in the year.
The report is split into three parts.
Part 1 – Navigating a course between uncertainty and opportunity - Combines analysis of worldwide data on completed mergers and acquisitions in the insurance industry with insight from our partners around the world. The report presents a review of transaction activity and the key trends that are driving insurance growth, including: a focus on securing the advantages of insurtech, a search for scale and reach, and the impact of regulation being felt.
Part 2 – Shifting sands of M&A – A regional outlook - Looks in more detail at insurance M&A activity in each region and explores the local factors driving or holding back growth for insurers. While the US is leading the way, a slowdown is expected as geopolitical factors bite. Meanwhile, in APAC further growth is expected as insurtech advances and the search for untapped markets drives activity.
Part 3 - Alternative routes to growth – Drawing on the insights of our partners around the world, we look into and analyse some of the other ways re/insurers are tackling the growth conundrum.