In 2023, the success of your P&C business will be closely tied to how well you manage to find ways to address financial challenges, while reducing costs and pursuing initiatives that will increase your competitive advantage. (Image: Rudzhan/Adobe Stock)
Inflation is driving costs even higher and faster in most markets, undermining underwriting profitability throughout the modern insurance landscape. Managing general underwriters (MGUs), managing general agents (MGAs), insurance carriers, reinsurers are all feeling the pressure as customers look for savings.
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