McKinsey & Company News

New York City, New York Counties File Suit Against McKinsey Over Opioid Crisis

New York City and 21 of New York’s counties on Tuesday announced a lawsuit against consulting firm McKinsey & Company, accusing the company of contributing to the opioid crisis by helping create strategies to increase prescription drug sales. In the …

New York Taps McKinsey to Develop ‘Trump-Proof’ Economic Reopening Plan

New York Governor Andrew Cuomo has hired high-powered consultants to develop a science-based plan for the safe economic reopening of the region that can thwart expected pressure from President Donald Trump to move more rapidly, state government sources told Reuters …

Fintech Revolution May Threaten 250,000 Jobs as Europe Insurers Seek Cost Cuts

The rush is on to replace people with software in Europe’s insurance industry as cost cutting and automation become increasingly crucial to bolstering earnings. Zurich Insurance Group AG is accelerating its cost reduction program, targeting savings of at least $1 …

Why Google’s Not So Smart or Fast and Insurance Agents Aren’t Dead… Yet

Insurance agents aren’t dead yet, but even underwriters participating in the personal automobile insurance market may be looking for another line of work within the next two decades, industry observers said at a recent conference. “The most radical view of …

Market Forces, Technology Transforming P/C Agents’ Role: McKinsey

A report this month from consulting firm McKinsey & Company says market forces and technology are changing the role of the agent in the property/casualty insurance distribution. The report, titled “Agents of the Future: The Evolution of Property and Casualty …