More risk : the changing nature of P&C insurance opportunities to 2040

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      <subfield code="c">Adiya Belgibayeva... [Et.al]</subfield>
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      <subfield code="a">We forecast that global Property and Casualty (P&C) insurance premiums will grow by an anual average of 4.3% between 2021 and 2040 to USD 4.3 trillion. Economic development will remain the primary driver of premium growth across all lines of business. Technological advances and policy action to promote sustainability will slow growth in motor. The effects of climate change will boost property premiums in the advanced markets, while still-rapidurbanisation will drive increased demand for property covers in emerging economies. Motor will remain the largest line  of business, but will be much smaller than today. The shift towards property and liability within the overall sector risk pool will make P&C business portfolios inherently more risky.</subfield>
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