Cover Story – CEO Strategic Issues : Tipping point: Transformation-enabled profitability for Property and Casualty Insurance
Source: Asia Insurance Review | Mar 2010
The last two to three years have seen an onslaught of challenges for the property and casualty (P&C) industry from regulatory, weather, customer expectations, claims expenses, new products, price competition, declining revenue, to new distribution channels. But the last 18 months have been historic… creating a tipping point for the industry. Ms Denise Garth, Vice President Global Industry Affairs, Innovation Group, tells us that organisations need to be transformed urgently and with the right partners, they can achieve that.
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