of the largest U.S. property and casualty insurers destroyed value over 20 years
ACORD 2025 U.S. P&C Value Creation Study
AI is now the second-highest global business risk, up from tenth a year earlier
Allianz Risk Barometer 2026
of 210 of the world's largest carriers have truly digitalized the value chain
ACORD 2025 Insurance Digital Maturity Study
In a comparable 2021 study, 9 of the 100 largest U.S. property and casualty insurers were destroying value. In ACORD's 2025 study, it was 48.
That trajectory is not an AI story. It is what happens when the distance between disciplined operators and everyone else grows faster than most firms can react. Artificial intelligence did not cause it. It is about to accelerate it. That is why the work has to reach production, not stop at a demo.
Value destroyers among the 100 largest U.S. P&C insurers
Carriers whose 20-year returns fell below the required benchmark, across three comparable ACORD studies.
Source: ACORD 2025 U.S. Property & Casualty Value Creation Study, published December 2025, and comparable prior editions. Value destroyers are carriers whose 20-year returns did not exceed a prescribed benchmark. These figures measure overall value creation, not the effect of any single technology.
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