Insurance Enterprise Risk Management: An Overview

Topics:
Enterprise Risk Management,
Terrorism Insurance
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.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Size: 51KB | Date: May 2006 | Pages: 4


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