2017USproperty-casualtyinsuranceoutlook.pdfVIP

2017 US property-casualty insurance outlook | 2 0 1 7 U S property- casualty insurance outlook1 T h e U S property and casualty ( P C ) insurance industry is at an in ection point he econo ic en ine or ro th in erica has been sputterin and it is providin little support or an industry pla ued by shrin in invest ent inco es escalatin clai s costs and risin re ulations t the sa e ti e advances in technolo y and the ro th o nsur ech are raisin custo er e pectations or reater innovation and revisin traditional insurance odels he nternet o hin s tele atics artificial intelli ence driverless cars and bloc chain have the potential to trans or industry unda entals and even redefine the nature o ris n the uture co petin or ar et share ill be increasin ly dependent on technolo y data and analytics ne ru p ad inistration introduces the li elihood o urther econo ic and re ulatory chan e ith the industry in u this is the ri ht ti e or s to thin throu h their uture business strate ies hat ill the chan e in political direction ean or the insurance industry hich ar et se ents and business areas should they ocus on in the uture o can they use robotics data analytics and other ey technolo ies to strea line costs and attract ne business o can they build innovative custo er driven or ani ations that ill enable the to stay relevant in a ast chan in ar etplace nd hat do they need to do to ensure they have the ri ht talent in place 2 0 1 7 : a time for r eassessment 22 0 1 7 U S property- casualty insurance outlook | C o ntinu ed ec o no m ic head w ind s n the ar et ill ace on oin econo ic challen es ar ed by reater uncertainty econo ic ro th as e pected to rise only oderately ro rou hly in to about in o ever Donald ru p s victory has raised uestions about the uture o the econo y o e ar et analysts believe that ru p s pro ise o a lar e ta cut and increased in rastructure spendin o