The property/casualty industry is undergoing a radical shift in its ability to leverage its risk management efforts, thanks in large part to technology, according to a new report. The result of this shift will be a firm-up in pricing and the ability of insurers to create and maintain competitive advantage.

Starting in 1979 and continuing through 2003, global research firm McKinsey & Company has offered a state-of-the-market perspective on the health of the property/casualty industry.

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