Global P&C Insurance Outlook to 2050
In collaboration with Capgemini
Capgemini leveraged custom macro and insurance market forecasts from Oxford Economics for their latest P&C insurance flagship report.
By 2050, demographic shifts will fundamentally transform P&C insurance. For the first time in human history, seniors will outnumber youth – with the global population aged 60+ growing by 72% while the under-20 population declines by 16%, outside of Africa. This historic transition will create unprecedented risk landscapes and demand new insurance business models.
These demographic forces intersect with two powerful agents: technological advancements will drive a 50% increase in output per worker by 2050 – essential to maintain economic growth with smaller workforces – while climate change threatens these gains.
Oxford Economics supported the analysis behind this flagship insurance report with macroeconomic forecasts, alternative scenarios and insurance market forecasts leveraging our world-leading economic modelling suite.
The experts behind the research
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David SchockenhoffHead of US Macro Consulting
David joined Oxford Economics' consulting division in 2015 and has worked on a variety of thematic research projects including policy impact assessment and forecasting projects in global trade and energy transition.
Before joining the New York office in 2022, he worked in our London, Dubai and Toronto offices where he led several large-scale macro modelling engagements with financial and public sector clients.
David holds a Master's degree in Economics from the Barcelona School of Economics and a B.A. in Economics from the University of St. Gallen.
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Sebastian Herrador-GuzmanLead Economist, Macro Consulting, Canada
Sebastian Herrador-Guzman is the Lead Economist overseeing the maintenance and development of the Canada Provincial and Territorial Model (CPTM). He is also part of the Macroeconomic Consulting team of North America where he supports policy impact and forecasting projects.
Prior to joining Oxford Economics, he held consulting and policy roles in top-tier institutions in the private and public sectors including at the Bank of Canada, Deloitte, and the International Monetary Fund. Sebastian holds a Master's degree from Johns Hopkins University (SAIS) and a Bachelor's degree from Vassar College.
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