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.
Highly specialized skills may not be required on a full time basis.
Many of these analyses are required infrequently. To add staff capable of performing the work, only to use these specialized skills and expertise part of the time, is an inefficient use of their time and your money! Hiring a consultant to perform this work for only the time required is more efficient.
Cyclical nature of the property casualty business gives added attractiveness to outsourcing staff.