Property and casualty (P&C) insurers’ bottom lines are being hit by rising claims costs, belt-tightening consumers, and emerging risks that further complicate underwriting. They need to mine new pockets of growth while reversing negative trends in their core lines of home and auto. Doing so will require innovative products and targeting consumers with higher profitability prospects.

Here’s what we expect in key lines of P&C insurance in the next two years.