SMA releases Top 10 Predictions for P&C Insurance in 2023

New Strategy Meets Action Research Report

New York, NY (Jan. 4, 2023) – This year promises to be another interesting one for the P&C insurance industry. The digital transformation underway is proving to be unstoppable, even in the face of uncertain market conditions. That is not to say that current trends, such as inflation, the ongoing pandemic, and other societal pressures, will not shape the direction insurance companies will take in the new year.

A new SMA report features 10 predictions for the P&C industry in 2023, developed by the partners at SMA and ReSource Pro Consulting. The predictions, which are organized in the report by the impact on insurance firms, whether outside-in, inside-out, or a mix of both, are expected to further accelerate change in 2023 and beyond. 

Access the report here: Top 10 Predictions For P&C Insurance in 2023.

About SMA, a ReSource Pro company

At Strategy Meets Action, our clients advance their strategic initiatives and accelerate their transformational journeys by leveraging our forward-thinking insights, deep vendor knowledge, and vast industry expertise. Strategy Meets Action is an advisory firm that works exclusively with insurers, MGAs, and vendors in the P&C market. For more information, visit strategymeetsaction.com.

About ReSource Pro

ReSource Pro brings integrated operational solutions to insurance organizations to improve growth, profitability and insurance outcomes. Headquartered in New York, ReSource Pro’s global service centers address client operational needs around the clock. Recognized as an industry thought leader and listed as one of Inc. 5000 Fastest Growing Private Companies annually since 2009, the company is renowned for its focus on innovation, service excellence and trusted partnerships, and its unique productivity platform for insurance operations. More than 5,000 ReSource Pro employees provide dedicated support to hundreds of insurance organizations, consistently achieving a +97% client retention rate over a decade. For more information, visit www.resourcepro.com.

SOURCE: Strategy Meets Action (SMA)

Tags: outlook / predictions, Property/Casualty (P&C) insurance, Strategy Meets Action (SMA), trends