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• Risk Management In Strategic Decision Making

  BNET - 2007-03-01

  Risk management is not new. Insurance companies have been doing it for centuries. Unfortunately, they do not have an exemplary track record, as losses over the past decade have shown. Some risks have been badly managed and others completely overlooked. However, the industry's position has been changing rapidly over the...

  Tags: Towers Perrin, Decision-making, Risk Management, Strategy, Financial Planning, Financial Services, Insurance, Security, Management, Finance, Business Operations, Corporate Insurance

• Operational Due Diligence for Value

  BNET - 2006-08-24

  With hedge fund assets bulging and private equity firms proliferating, investor interest in the Property/Casualty (P/C) insurance industry is growing. As insurance companies find fewer opportunities for organic growth, internal strategic interest in acquisitions is also heating up. In this environment, some companies are evaluating whether this is the right...

  Tags: Towers Perrin, Insurance, Financial Planning, Investment, Financial Services, Business Operations, Corporate Insurance, Finance

• Elevate Claim Performance Via Technology

  BNET - 2005-11-07

  Over the last decade, insurers have responded to competitive pressures by emphasizing tighter expense management and pricing segmentation as key strategies leading to profitability. Top-performing carriers have also turned to data and technology, seeking opportunities to automate work, outsource noncore functions to lower cost resources, or internally shift work and...

  Tags: Towers Perrin, Acquisition, Performance, Pricing Strategy, Mergers & Acquisitions, Pricing, Corporate Law, Insurance, Marketing Research, Investment, Finance, Marketing, Business Operations, Corporate Insurance

• Gaining Position With Technology

  BNET - 2005-11-07

  Telematics, the use of wireless communications and Global Positioning System GPS tracking, may change the way automobile insurance, both personal and commercial, is priced. Individual rating of a driver, to supplement class rating, now appears to be feasible. The paper highlights the profound changes in auto insurance market leadership that...

  Tags: Towers Perrin, Insurance, Financial Planning, Business Operations, Corporate Insurance, Finance

• New NAIC Reporting Requirements for Risk Transfer

  BNET - 2005-11-01

  In response to increased focus on structured insurance and reinsurance contracts, a number of organizations have studied issues surrounding risk transfer. The U.S. National Association of Insurance Commissioners NAIC has approved several reporting requirements that will take effect for 2005. The newly required disclosures consist of three parts: additional General...

  Tags: Towers Perrin, Reinsurance, Insurance, Business Operations, Corporate Insurance

• Life Insurance CFO Survey 12: Investment Risk Management

  BNET - 2005-11-01

  Investment risks represent a major financial risk exposure to life insurers. The survey depicted in this paper finds that companies' overall approaches to investment risk management remain fairly traditional. Even so, insurers are beginning to use sophisticated tools and techniques to measure and model investment risk. They are also relying...

  Tags: Towers Perrin, Investment, Risk Management, Survey, Life Insurance, Investment Risk, Insurance, Financial Planning, Productivity, Marketing Research, Business Operations, Corporate Insurance, Finance, Marketing

• Getting a Better Handle on Older Age Mortality

  BNET - 2005-09-01

  Longer life spans have resulted in a growing elderly population, a growth that has fueled an increase in life insurance coverage at older ages. Companies need a better handle on the level of mortality they can expect at older ages to improve underwriting practice. Fortunately, extensive and detailed new data...

  Tags: Towers Perrin, Life Insurance, Age, Insurance, Financial Planning, Business Operations, Corporate Insurance, Finance

• TRACS: The Road to Successful Captive Management

  BNET - 2005-08-03

  Captives are created to serve their owner-policyholders. Traditional insurance solvency and ratio standards may not apply to them. Tillinghast Recognized and Accepted Captive Standards TRACS was developed to help captives prudently manage and benchmark their operation. This paper concentrates on the captive as a special-purpose vehicle for insuring and retaining...

  Tags: Towers Perrin, Financial, Captive, Insurance, Financial Planning, Financial Accounting, Quality, Business Operations, Corporate Insurance, Finance

• ERM: From Compliance to Value

  BNET - 2005-08-01

  Growing demands from shareholders for senior management to take enterprise risk management ERM more seriously has at last formalized the essential connection between a company's business operations and its overall risk management program. A unifying framework can help companies identify and articulate risks consistently across the enterprise and evaluate alternative...

  Tags: Towers Perrin, Risk, Compliance, Capital Structure, ERM, Capital Structures, Strategy, Enterprise Risk Management, Security, Finance, Management, Business Security, Business Operations

• Modeling C-3 Phase II Risk-Based Capital: Practically Impossible or Possibly Practical?

  BNET - 2005-08-01

  Regulators are implementing principles-based approaches to capital and reserve requirements for U.S. life insurers that demand sophisticated stochastic models. While actuaries are well equipped to develop basic stochastic models, the advanced product and management strategies, such as dynamic hedging, have resulted in more complex models with lengthier run times. New...

  Tags: Towers Perrin, Principle, Modeling, Research & Development, Business Operations