As global P&C insurers continue to face lingering economic conditions and challenging markets, many are now focused on profitability instead of growth.
This strategy makes sense since carriers now face global inflation and higher replacement costs for goods and materials, labor, and services.
These higher, even unpredictable costs make it difficult for insurers to price their offers to generate profitable returns.
But there is good news. Innovative new technologies can help insurers increase profitability in uncertain times like these.