波士顿咨询：2023年保险价值创造者报告（英文版）（14页）.pdf

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1、 2023 Boston Consulting Group1Heres the good news on the US property and casualty(P&C)market.Companies in the segmentespecially P&C leadersare doing pretty well.US P&C companies delivered average annual totalshareholder return(TSR)of 10%from 2018 through 2022,compared with the disappointing globalav

2、erage annual TSR of 4%for life and health,multiline,P&C,and reinsurance combined over theFor US Property and Casualty,Okay IsntGood EnoughThe 2023 Insurance Value Creators ReportJULY 13,2023 By Nathalia Bellizia and Paul NelsonREADING TIME:15 MIN 2023 Boston Consulting Group2same period.Top-quartile

3、 US P&C companies did even better,notching a five-year average annual TSRof 20%among the highest in any industry or sector.US P&C leaders resilience throughout the economic turmoil of 2022 was rooted in their focus onunderwriting results and in the resulting strong return on tangible equity(RoTE),wh

4、ich correlateshighly with TSR.Indeed,it appears that US P&C leaders cracked the insurance value creation codeand BCGs insurance industry value creators reports have documented the success of the topcompanies over the past several years.Their principal challenge going forward is to stay the courseand

5、 continue generating superior results.But warning signs are flashing.The P&C segment is undergoing a structural shi.Future underwritingexcellence will hinge on companies ability to foresee and adapt to significant macro-environmentalchanges,such as geopolitical instability,supply chain disruption,an

6、d the expanding effects of climatechange.Underwriting excellence will also depend more than ever on carriers ability to embraceadvances in digital capabilities and AI.If they are going to continue to outperform,top quartile USP&C companies must take a hard look at their portfolios strengths and obje