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• Value-Added Reserving

  BNET - 2005-11-07

  Property/casualty (P/C) loss reserves are usually by far the single largest liability on the balance sheet, and most companies spend significant resources analyzing them. However, opportunities to improve the bottom line are often missed because carriers treat reserve setting as largely a compliance process and a financial function, isolated from...

  Tags: Towers Perrin, Balance Sheets, Financial Accounting, Financial Statements, 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

• MoSes Modeller: Industry-Specific Applications, Case Studies and News

  BNET - 2005-06-01

  Tillinghast Software Solutions has improved its property and casualty financial modeling tool - the Advanced Financial Model AFM - for MoSes version 5. With these changes, the modeler can measure the effect of several additional sources of risk and can capture more of the subtle interactions between them. Some examples...

  Tags: Business Operations, Finance, Financial Accounting, Modeling, Research & Development, Towers Perrin, Variability

• TAS and MoSes Release Plan Updates

  BNET - 2005-06-01

  In 2002, Towers Perrin decided to bring the Tillinghast Actuarial Software TAS application to the MoSes platform. Responding to market demand for greater flexibility in financial projection software, it recognized that partnering the broad, comprehensive capabilities of TAS with the flexibility, auditability and adaptability of the open MoSes platform would...

  Tags: Towers Perrin, MoSes, Financial Accounting, Finance

• Universal Life Products: Keeping the Focus on Financial Risks and Returns

  BNET - 2005-02-01

  Universal Life UL products have become hot sellers in the U.S. life market, largely as a result of extended No-Lapse Guarantees NLGs specifying that the policy will remain in force if certain conditions are met, even if the regular policy account reaches zero value. Some industry observers are concerned about...

  Tags: Towers Perrin, Financial, Product, Financial Accounting, Finance

• Due Diligence Under Sarbanes-Oxley

  BNET - 2004-01-01

  In the years preceding these accounting debacles, life insurer Merger and Acquisition (M&A) activity reached historic levels, reflecting both general market optimism and the economic belief that most companies could not achieve projected growth levels through organic expansion alone. In the wake of Sarbanes-Oxley and the resulting intense internal and...

  Tags: Towers Perrin, Sarbanes-Oxley Act, M&A, Mergers & Acquisitions, Sarbanes-Oxley, Regulatory Compliance, Investment, Finance, Regulations, Government, Financial Accounting, Human Resources, Policies And Procedures

• Insurance Industry Trends to Watch

  BNET - 2004-01-01

  According to Tillinghast, the insurance industry is at a critical juncture with issues surrounding consolidation, pricing, legislative reforms and capital concerns shaping the market for 2004. The industry is ripe for realignment, and most companies won't have the option of sitting on the sidelines. Given operating and financial pressures, insurers...

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

• A Strategic Review for Self-Insurers

  BNET - 2003-04-01

  Many enterprises finance property/casualty risk by retaining a portion or even most of the exposure. Examples include private and public sector employers, self-insurance pools, risk retention groups and captive insurers. These entities have two primary goals in retaining risk: to reduce the total cost of the risk financing program and...

  Tags: Public Sector, Towers Perrin, Entity, Financial Accounting, Finance

• How Insurers Pay Their Top Executives

  BNET - 2003-03-01

  Executive compensation may have generated more media attention, governmental scrutiny and shareholder activism over the last two years than at any time during the past. Although few complaints were heard about excessive pay when the stock market was rising, some critics are now singling out executive compensation as the major...

  Tags: Shareholder, Towers Perrin, Executive Compensation, Insurance Industry, Financial Accounting, Finance

• Product Pricing in a Price Sensitive World

  BNET - 2003-01-01

  "The results of the 1999 Tillinghast Distribution Efficiency Survey suggest that the price volume games are becoming effective, as a number of larger players appear to be gaining efficiencies of scale in the distribution of new business. It is apparent that over a number of years, players who are...

  Tags: Towers Perrin, Pricing Strategy, Pricing, Financial Accounting, Marketing Research, Marketing, Finance