Press contact:Fahd PashaTel.: +1 647 860 3777E-mail: Fahd.Pasha@capgemini.com Rapid aging of world population will transform global property & casualty insurance industry by 2050 Global dependency ratio set to rise by 2050 there will be 26 seniors for every 100 working-age people, up from 16 todayAging population is a key trend in forecasted 4.4% CAGR for global commercial insurance lines, 3.3% for personal insurance lines88% of insurers recognize the importance of more tech-enabled underwriting, but only 17% say they have the right capabilities Paris, April 22, 2025 – The Capgemini Research Institute’s World Property and Casualty Insurance Report, published today, shows how the aging of the world’s population will transform the industry globally by 2050.
Read the full report: Report MethodologyFor this report, the Capgemini Research Institute surveyed three primary sources: the 2025 Global Voice of the Customer Survey (which polled 5,016 P&C insurance customers in 13 countries), the 2025 Global Insurance Executives’ Survey (which included interviews with 274 senior insurance executives of leading P&C insurance companies across 15 markets), and the 2025 Global Macroeconomic Forecasts created in collaboration with a leading macro forecaster (which includes insights across 11 markets representing all three regions of the globe).
To prepare for and adapt to the changing demographics, the report recommends that P&C insurers embrace novel approaches including: Placing focus on changing customer behavior: recalibrating geographic footprints and developing age-sensitive service modelsOperating model transformation: modernizing data architectures and leveraging AI and automation to build resilient systems and drive efficiencyRisk governance: implementing predictive underwriting insights and dynamic portfolio management All these approaches require a process of continuous evolution, with executives delivering on medium-term actions while boards address long-term strategic questions.
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