Carrier Mergers & Acquisitions: Drivers, Implications & Outcomes (2026 Edition)
By ACORD
April 2026
ACORD conducted a study examining M&A activity in the insurance industry over the last decade. The study screened 13,000 global carrier transactions by insurers across P&C, life, and reinsurance, assessing M&A strategy and deal outcomes. This study examines the drivers behind carrier consolidation and the implications for operating models, technology integration, and shareholder outcomes. It addresses several key questions about M&A activity and its correlation to long-term success for insurers, including:
- What motivates carriers to engage in M&A?
- Does engaging in M&A lead to value creation?
- What are the value barriers & imperatives for post-M&A execution?
This white paper is available free of charge to all ACORD members and non-members.