The World Property & Casualty Insurance Report 2022

Future-Focused Insurers see Climate Change as an Opportunity

Climate change is significantly impacting people and business. Insured natural catastrophe losses have increased by 360% within the past 30 years. It has upended traditional coverage, underwriting and investment dynamics as policyholders seek protection and peace of mind. Insurers need to position themselves to generate deeper customer trust and offer personalized solutions tailored to individual needs.

Highlights from the 2022 Capgemini and Qorus World Property and Casualty Insurance Report of 270 insurance executives and nearly 5000 consumers:

Policyholders are conscious of climate change; 73% rank it among their top concerns

Insurers are in tune with customers. About 40% rank climate change as a top priority with profitability and insurability emerging as leading issues

While most insurers acknowledge climate change impact, many have yet to develop a climate resilience strategy

Build the foundation to drive a sustainable and climate-resilient future

As ESG gains momentum, sustainability in the insurance industry is becoming integral to activities across the value-chain. Capgemini helps insurers build the right foundation to manage climate risk, identify sustainability linked growth opportunities, and monitor stakeholder interactions.

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Top trends in property and casualty insurance 2023

Get a glimpse of how P&C insurers will strategically prioritize digital transformation initiatives to strengthen their capabilities and navigate challenging macroeconomic volatility.

— January 2022

Tamping down wildfire threats: How insurers can mitigate risks and losses

Produced in collaboration with the Insurance Information Institute, this report discusses how insurers are poised to aid at-risk communities through pre-emptive mitigation leveraging advanced data technologies.

— September 2022

Stemming a rising tide: How insurers can close the flood protection gap

A climate risk report by the Insurance Information Institute (Triple-I) and Capgemini.

— August 2022

Solving for Climate Change: It Takes an Ecosystem

Climate change is a historical opportunity for the insurers to live their purpose and lead other industries in the battle for the planet.

— August 2022

Solving Climate Change Starts with C-Suite Leadership

The associated economic losses — up by 250% in the last three decades, with natural catastrophes producing a 3.6x increase in insured losses — are cause for alarm.