Elections in key jurisdictions and other geopolitical tensions made 2024 a challenging year to predict in terms of the impact of such global events on the insurance sector. In 2025, the new administration in the US and ongoing geopolitical volatility are still likely to impact the insurance landscape.

The insurance industry is braced for disruption driven by increased regulatory scrutiny to keep pace with AI’s rapid evolution, as well as climate-related disclosure regimes undergoing significant changes globally.

A series of significant broker deals announced in 2024 suggests we can now see a brighter future for insurance M&A, and we explore some of the other key drivers for M&A activity in 2025.

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