It is “how” commercial lines carriers execute their underwriting strategies, not “what” lines they write that is key to profitable growth for top performers, according to new research from McKinsey.
A section of the consulting firm’s recently published “Global Insurance Report 2025: The Pursuit of Growth,” which is devoted to the commercial lines sector of the property/casualty insurance market, summarizes an analysis of combined ratios of two dozen carriers and finds that 40 percent of the insurers’ underwriting performance was driven by the lines of business in which it participates—but 60 percent of performance was driven by how it operates.
There are three parts to McKinsey’s report, “Global Insurance Report 2025: The Pursuit of Growth.” One is devoted to the commercial lines sector of the property/casualty insurance market discussed in the accompanying article. Other sections of the report focus on P/C