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The Next Generations and Insurance

October 20, 2018

As previous generations retire and move to a life stage in which they consume fewer products and services, younger millennial and Gen Z adults between the ages of 18 and 38 are becoming more relevant to the insurance industry in terms of size and spending power. Of the global population, millennials and Gen Z account for 27% (2 billion people)1 and 24% (1.83 billion people)2 respectively, and combined, have purchasing power estimated to be in the trillions of dollars annually.

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Beazley

We are a specialist insurer with more than three decades of experience in providing clients with the highest standards of underwriting and claims service worldwide. All our insurance businesses are rated A (Excellent) by A.M. Best. Our values and priorities are different at Beazley. Beyond our deep understanding and expertise in specialist risks, we are defined by people and a culture that values being bold, relentlessly striving for better, and doing what’s right above all else. We are market leaders in many of our chosen lines, which include cyber, management liability, professional indemnity, property, marine, reinsurance, accident & life, political risk and contingency business.

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