Insurance Enterprise Risk Management: An Overview
- Tags:
- Business Operations,
- Corporate Insurance,
- Finance,
- Financial Planning,
- Insurance,
- Insurance Business
- Source:
- IBM
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Overview: The insurance business operates under a unique set of economics. These economics, in conjunction with recent aggressive regulatory initiatives, can make insurance a difficult business to manage. In the past, the insurance business has been managed with a focus on premium growth and non-claim related cost containment. Additionally, aggressive regulatory initiatives, globalization and quantum leaps in information technology are causing an organizational design evolution from silo structures to more strategy-focused structures. One result of the changes described in the paper above is a greater need for synthesized and coordinated managerial information. Such information can help insurance executives to more efficiently pursue value creating activities.
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Format: PDF | Size: 51KB | Date: May 2006 | Pages: 4




