NU Online News Service, Jan. 9, 3:16 p.m. EST
Challenged by a volatile underwriting cycle, a shaky economy and the uncertain impact of new regulations, U.S. property and casualty insurers must respond by investing in core systems, understanding changing consumer habits and using business analytics to address difficult top-line growth conditions, according to Ernst & Young.
In a 2012 outlook, “U.S. Property-Casualty Insurance Outlook,” E&Y outlines challenges the industry faces in the coming year. Aside from macroeconomic challenges, the report talks about regulatory uncertainties.
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