Summary |
The property-liability insurance industry has recently been facing some of the most serious challenges in its history. The past fifteen years have witnessed increasing price competition, increasing buyer sophistication, and the growth of alternatives to traditional insurance such as self- insurance and captive insurance companies. The problems associated with these developments have been exacerbated by inflation, changing claims-frequency rates, and high interest rates. The result has been an industry that often seems to be out of control –responding in an ad hoc manner to one crisis after another.
The goal of this book is to provide information on the modern managerial and analytical, methods that could be used by insurance companies. More specifically, the focus of the book is on strategic planning and on new methods that can be used to generate information for use in the planning process.
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