Strategic Planning In The Property Casualty Insurance Industry PDF Download

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Strategic Planning and Modeling in Property-Liability Insurance

Strategic Planning and Modeling in Property-Liability Insurance
Author: J. David Cummins
Publisher: Springer Science & Business Media
Total Pages: 321
Release: 2012-12-06
Genre: Business & Economics
ISBN: 9400956584

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The Geneva Association and Risk Economics The Geneva Association The Geneva Association (International Association for the Study of Insurance Economics) commenced its activities in June 1973, on the initiative of twenty-two members in eight European countries. It now has fifty-four members in sixteen countries in Europe and in the United States. The members of the association are insurance companies which provide financial support for its activities. The aims and strategy of the Geneva Association were clearly defined in 1971 by the founding committee. They were set forth in the first report to the Assembly of Members in 1974: "To make an original contribution to the progress of insurance by objective studies on the interdependence between economics and insurance." In pursuit of this objective, the Association strives to place insurance problems in the context of the modern economy and to overcome the antagonism between different groups and institutions by showing that they all have a common interest in tackling the problem of risk in a changing world. In consequence, the studies made by the Association had to move away from the subjects familiar to insurance professionals and explore related fields, dealing with opinions and behavior falling outside the profession's vii FOREWORD viii traditional framework of analysis. It is in this direction that the Association's preoccupations have been directed from the beginning, towards areas in which insurance activities come into contact with those of other economic sectors such as government, banking, manufacturing, and households.


Plunkett's Insurance Industry Almanac

Plunkett's Insurance Industry Almanac
Author: Jack W. Plunkett
Publisher: Plunkett Research, Ltd.
Total Pages: 472
Release: 2006-11
Genre: Business & Economics
ISBN: 1593920636

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Covers the business of insurance and risk management, and is a tool for market research, strategic planning, competetive intelligence or employment searches. This book contains trends, statistical tables and an industry glossary. It also provides profiles of more than 300 of the world's leading insurance companies.


The Economics of Property-Casualty Insurance

The Economics of Property-Casualty Insurance
Author: David F. Bradford
Publisher: University of Chicago Press
Total Pages: 218
Release: 2007-12-01
Genre: Political Science
ISBN: 0226070328

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The Economics of Property-Casualty Insurance presents new research and findings on key aspects of the economics of the property-casualty insurance industry. The volume explores the industrial organization, regulation, financing, and taxation of this business. The first paper, on external financing and insurance cycles, contains a wealth of information on trends and patterns in the industry's financial structure. The last essay, which compares performance of stock and mutual insurance companies, takes a fresh look at the way a company's organizational structure affects its responses to different economic situations. Two papers focus on rate regulation in the auto insurance industry, and provide broad overviews of the structure and economics of the insurance industry as a whole. Also addressed are the system of regulating insurance companies in the United States, who insures the insurers, and the effects of tax law changes in the 1980s on the prices of insurance policies.


Plunkett's Insurance Industry Almanac 2009: Insurance Industry Market Research, Statistics, Trends & Leading Companies

Plunkett's Insurance Industry Almanac 2009: Insurance Industry Market Research, Statistics, Trends & Leading Companies
Author: Jack W. Plunkett
Publisher: Plunkett Research, Ltd.
Total Pages: 487
Release: 2008-11
Genre: Business & Economics
ISBN: 1593921330

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Everything you need to know about the business of insurance and risk management--a powerful tool for market research, strategic planning, competetive intelligence or employment searches. Contains trends, statistical tables and an industry glossary. Also provides profiles of more than 300 of the world's leading insurance companies--includes addresses, phone numbers, and executive names.


The Emerging Financial Industry

The Emerging Financial Industry
Author: Arnold W. Sametz
Publisher: Free Press
Total Pages: 168
Release: 1984
Genre: Business & Economics
ISBN:

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This book explores recent changes in the financial industry in terms of products, regulation and strategic planning. The focus is on the insurance industry and the emerging insurance products and strategies. Issues discussed are the consumer demand for insurance products, the effect of bank deregulation on insurance companies, the investment management policies of insurance companies and the implications for strategic planning in the insurance industry.


Strategy Beyond the Hockey Stick

Strategy Beyond the Hockey Stick
Author: Chris Bradley
Publisher: John Wiley & Sons
Total Pages: 256
Release: 2018-02-06
Genre: Business & Economics
ISBN: 1119487625

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Beat the odds with a bold strategy from McKinsey & Company "Every once in a while, a genuinely fresh approach to business strategy appears" —legendary business professor Richard Rumelt, UCLA McKinsey & Company's newest, most definitive, and most irreverent book on strategy—which thousands of executives are already using—is a must-read for all C-suite executives looking to create winning corporate strategies. Strategy Beyond the Hockey Stick is spearheading an empirical revolution in the field of strategy. Based on an extensive analysis of the key factors that drove the long-term performance of thousands of global companies, the book offers a ground-breaking formula that enables you to objectively assess your strategy's real odds of future success. "This book is fundamental. The principles laid out here, with compelling data, are a great way around the social pitfalls in strategy development." —Frans Van Houten, CEO, Royal Philips N.V. The authors have discovered that over a 10-year period, just 1 in 12 companies manage to jump from the middle tier of corporate performance—where 60% of companies reside, making very little economic profit—to the top quintile where 90% of global economic profit is made. This movement does not happen by magic—it depends on your company's current position, the trends it faces, and the big moves you make to give it the strongest chance of vaulting over the competition. This is not another strategy framework. Rather, Strategy Beyond the Hockey Stick shows, through empirical analysis and the experiences of dozens of companies that have successfully made multiple big moves, that to dramatically improve performance, you have to overcome incrementalism and corporate inertia. "A different kind of book—I couldn't put it down. Inspiring new insights on the facts of what it takes to move a company's performance, combined with practical advice on how to deal with real-life dynamics in management teams." —Jane Fraser, CEO, Citigroup Latin America


Benchmarking Property and Casualty Insurance Firm Sales/producer Training Practices in the United States

Benchmarking Property and Casualty Insurance Firm Sales/producer Training Practices in the United States
Author: William Yarbrough
Publisher:
Total Pages: 154
Release: 2007
Genre: Insurance companies
ISBN:

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Abstract: The Property and Casualty (P&C) insurance industry is experiencing increasing competition from fewer firms fighting for decreasing premium growth. The nature of the industry creates limited opportunities for sustainable competitive advantage. Organizational competencies are arguably the best choice to pursue differentiation. Studies have concluded that training can be linked to firm strategy as a cultural, organizational, and financial performance enabler. The Sales/Producer role is unique in the P&C environment due to its virtual team composition, distribution channels, and historical attitude towards training opportunities. Traditionally, sales/producer training has been undervalued in the P&C insurance industry. By benchmarking industry training practices it may be possible to find trends of interest for firms looking to re-examine the value of its training programs. This survey of P&C insurance firm training professionals, coupled with other studies and professional interviews, identifies opportunities for firm differentiation. The evidence suggests that training impacts firm strategy as an inseparable component of an overall effort to build the effectiveness of virtual teams. With training as an enabler, cumulative efforts to partner with sales/producers become culture. Firms appear more likely to motivate sales/producer resources to action, partner with sales/producers, and positively affect firm strategy when they take specific actions. These actions include creating synergies among the following: training evaluation, learning technology, resources outside the traditional training team, training methods physically and organizationally closer to sales/producers, sales skills as part of the technical/functional skills training offered, and training on firm culture/vision/values.