DALLAS, Texas, June 20, 2001 -- Property & Casualty insurance executives see significant change on the horizon for their industry. They believe a torrent of new products and ways of insuring risk will be developed, outsourcing will become more prevalent as companies strive to be agile, and technology will be expected to deliver measurable results.

These are a few of the conclusions based on results from a survey of property & casualty insurance executives. The executives, including CEOs, CFOs and COOs, were asked to give their views on the future of the property & casualty industry. They were specifically asked how property & casualty companies would address five key areas in the future: industry structure, strategic alignment, partnering and reach, financial attributes, and products and services. The survey, "A New Millennium View: The Future of the P/C Industry," was conducted by the Robert E. Nolan Company.

An article that summarizes the study's findings and offers suggested paths for insurers to follow in the future will appear in the July 2 edition of National Underwriter, Property & Casualty Edition. The article will also appear on the National Underwriter Web site at www.nationalunderwriter.com.  To receive complete survey results, go to the Robert E. Nolan Company's Web site at www.renolan.com.

The Robert E. Nolan Company is a management consulting firm specializing in the insurance industry.  For three decades, Nolan has been helping companies improve service and reduce costs by improving business processes and optimizing the use of technology.  For more information, visit www.renolan.com.