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.
Cyclical nature of the property casualty business gives added attractiveness to outsourcing staff.
There are times when it is advantageous to shrink operations temporarily, particularly in a business with extreme profitability cycles. An outsourced resource can be utilized less, without the financial costs and organizational disruption that accompany the elimination of staff. This can make weathering a downturn in the market easier.