P&C insurers have had a taste of doing business in 2012, and they realize they are dealing with a tough environmentone in which little or no organic customer growth exists to fuel corporate growth. Gaining market share means taking it away from someone else, so the level of competitiveness in...
P&C carriers gaining an edge today are those that are employing tools and information to do two things: out-execute the competition operationally, and out-serve the competition from a customer perspective.
P&C carriers gaining an edge today are those that are employing tools and information to do two things: out-execute the competition operationally, and out-serve the competition from a customer perspective.
Read em and weep, folks! I couldnt help but cringe a bit as I reviewed the P&C industrys consolidated results for the first three quarters of 2011. It was bad news galore. Even the few bits of good news had a negative tinge.
The P&C industry had a rough year in 2011, and the results for the first nine months show that carriers have more to worry about these days than just the threat of more disaster losses.
Accenture's new comprehensive integrated P&C software suite enables insurers to reduce their implementation time and risk, while improving the accuracy of both claims handling and underwriting.
Sudden inflation could reduce property and casualty insurers surplus by as much as 24 percent over a prolonged period, according to a Moodys Investor Service report.
After re-emphasizing that Standard & Poors rating action on U.S. long-term sovereign debt will have little, if any, effect on the insurance industry, Robert Hartwig, president of the Insurance Information Institute, says there are some underlying economic conditions today that need to be looked at.