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.
Regular operational requirements on internal staff may limit the ability to focus on some of these issues in the way that a consulting engagement can.
Work of this type is commonly delegated to staff to take on in addition to other, more regular, duties. While this may seem to be an easy solution to a short term need, often other work suffers, the project is not completed on a timely basis, or companies face employee burn-out. Also because much of this work is being done for the first time, employees may have a difficult time getting started if they are accustomed to performing only well defined processes.
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.