Driving operational excellence in claims management
P&C insurers face a myriad of challenges, including dwindling pricing power, erratic investment yields, and recent heightened catastrophe activity. Despite very strong top-line performance over the prior year.
2010 was the second consecutive year in which the industry suffered underwriting losses in the first half of the year. Overcapacity for traditional products and services, coupled with weak demand, are expected to continue to push down rates.