Depending on the size of your company, you may already have people doing the types of work listed on the previous page, or may be considering adding staff to work on these projects.
However, it may make sense to work with an outside consultant for the following reasons:
Objectivity of an external opinion may be desired.
Sometimes important analysis can fall under political pressure within a company, influencing the results. This influence need not be direct, and in fact can be quite subtle. It can be as simple as an employee not wanting to present an analysis that contradicts a prior analysis. There are times when an objective analysis is absolutely crucial to making important decisions.
Highly specialized skills may not be required on a full time basis.
Cyclical nature of the property casualty business gives added attractiveness to outsourcing staff.