Risk Management and Loss Control - 2012

Date:DEC 2012
Status:Complete
Cost: $1500 Add to Cart
Detail:

Overview

Over the last market cycle, the landscape of the insurance industry has evolved and carriers are evaluating their operations’ effectiveness and efficiency. While industry financial metrics can aid carriers in understanding their performance, minimal industry data is available to assist companies in measuring the performance and effectiveness of the risk management and loss control function.

This report presents the findings and analysis resulting from an in-depth study of this function at property-casualty insurance companies throughout North America.

The objectives of the study were as follows:

  • Collect industry information related to:
-  Organizational Structure
-  Resource Allocation
-  Operating Costs
-  Staffing 
-  Policies and Practices
  • Segment the participants into benchmark groups to further analyze the survey responses
     
  • Compare these findings to a similar study presented in our previous loss control study, presented in a 2006 report analyzing 2005 performance

Table of Contents

  • Introduction
  • Benchmark Groups
  • Profile of Participants
  • Study Highlights
  • Key Findings:
-  Philosophy
-  Expenses
-  Staffing
-  Business Practices
-  Performance Measurements
-  Best Practices and Analysis
-  Commercial Account Segmentation
  • Appendix:  Detailed Study Results
Contact Matt Ryan at mryan@wardinc.com for more information.




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