After several years of rising rates, the commercial P&C market is changing. Property pricing is falling, while casualty remains mixed.
For finance leaders, the questions are getting harder. How much of the improvement came from rate versus underwriting performance? Are reserves holding? Where are the margins under pressure?
This also raises a succession planning question. The Controller or FP&A leader next in line for CFO may know the numbers, but can they explain what’s driving them to the CEO and board? More importantly, can they recommend what needs to change?
If you’re positioning yourself for that next role, be ready to discuss what you did when results were under pressure, not just when business was strong.
Anyone can report a good year. Who can explain a difficult one?