Infrastructure strategy becomes enterprise strategy
How infrastructure capacity, asset lifecycle choices and delivery ecosystems increasingly shape growth, resilience and competitive advantage.
Read articleInsurance enters September 2026 with protection gaps becoming a strategic issue rather than a peripheral social concern. Natural-catastrophe losses, development in exposed areas and higher replacement costs are increasing expected losses while insurers tighten terms or withdraw capacity in selected markets. At the same time, AI is changing underwriting, claims and distribution and creating new operational and liability questions. The industry must determine where improved data and pricing can preserve insurability, where products or risk-sharing models need redesign and where changing hazard economics require fundamentally different relationships between insurers, customers, reinsurers and governments.
Focus
Strategic Challenges
Strategic Impacts
Observed Patterns
Strategic Challenges
Strategic Impacts
Observed Patterns
Industry Challenge
Insurance companies are managing a risk landscape shaped by climate losses, cyber threats, inflation, geopolitical shocks and evolving technology. Historical data alone is becoming less reliable for pricing and portfolio decisions, while affordability pressures can limit how risk can be transferred to customers. At the same time, competition is increasing as parts of the underwriting cycle soften. The challenge is to maintain disciplined pricing and capital allocation while closing protection gaps and adapting models to risks that are more interconnected, dynamic and difficult to diversify.
Future Outlook
The future of insurance will extend beyond indemnifying losses toward helping customers anticipate, reduce and finance risk before events occur. Better sensors, data and AI can improve underwriting and claims, while parametric products and new risk pools can expand coverage where traditional models struggle. The industry will also gain new opportunities from data centers, energy infrastructure and advanced manufacturing. Success will depend on using technology without eroding trust or model discipline. Insurers combining risk intelligence, prevention and capital discipline can outperform.
Market Outlook
Global insurance growth is moderating in 2026 after a strong 2025, with Swiss Re forecasting slower real premium expansion as economic growth cools and non-life pricing softens. Profitability remains comparatively resilient, supported by investment income and still-healthy underwriting results, although claims inflation and catastrophe exposure remain important risks. Life insurance is benefiting from higher yields, while non-life faces stronger competitive pressure. At the same time, AI infrastructure, energy investment and geopolitical fragmentation are creating new demand pools.
POV
Our approach
Our approach� connects hazard, exposure, pricing, claims, capital, reinsurance and customer behavior to understand where insurance economics are structurally changing. We examine portfolios at sufficiently granular levels to identify where loss trends, concentration or affordability are altering insurability and how distribution or product design affects selection. Technology and AI are evaluated through underwriting, claims and operating implications rather than adoption alone. This allows strategic choices to reflect the complete risk system and the interactions between policyholders, insurers, reinsurers and capital providers.
The data and estimates presented are indicative and intended for illustrative purposes. Actual outcomes may vary based on each company’s specific context, market conditions, operating model, implementation choices, and the quality and consistency of execution, including actions undertaken by the client.
Keypillars
Explore the key pillars that define this capability and shape how we create focused, measurable business impact.
Risk economics
Examines underwriting, pricing, claims, reserving, capital, and investment income across insurance business models
Portfolio dynamics
Connects customer segments, distribution, products, reinsurance, and loss patterns across complex insurance portfolios
Market transition
Tracks climate exposure, digital distribution, AI, regulation, and emerging risks reshaping underwriting and operating models
Strategic Framework
Assess lines of business, customer segments, distribution, risk pools, capital, claims, and competitive structure
Track loss ratios, pricing, exposures, claims trends, regulation, capital, and competitive movement
Prioritize portfolio, pricing, underwriting, claims, distribution, technology, and capital actions
Examine loss trends, inflation, climate, regulation, technology, capital markets, and distribution shifts
Evaluate portfolio mix, underwriting economics, claims performance, distribution, capital, and customer relationships
Test claims, catastrophe, pricing, reserve, capital, regulatory, and demand conditions
How we help
We help insurers assess where risk pools and customer needs are changing, how pricing and portfolio economics should respond and where products or distribution models require redesign. Support can include growth and portfolio strategy, climate and catastrophe exposure, underwriting transformation, claims and operating-model improvement, AI adoption, capital and reinsurance choices, market expansion and business-model innovation where traditional coverage becomes difficult to provide at economically or socially acceptable prices.
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