Property and Casualty (P&C) Insurance State of the Market 2023 – Discovering Expansion Opportunities in a Demanding Economic Environment

Property and Casualty (P&C) insurers have prioritized risk management, cost control, flexibility, and responsiveness. Many insurers are turning to outsourcing to optimize cost and address transformational needs in the face of challenges such as inflation, supply chain disruptions, and rising catastrophic risks impacting most insurance product lines.

P&C carriers are rapidly exploring analytics and AI use cases, prompting providers to increase their investments in technological capabilities to support these insurance enterprises. In this report, we provide a comprehensive overview of the key investment trends in the P&C insurance outsourcing market.