Risk Management and Business Strategy in P/C Insurance Companies
This paper discusses how insurance companies can use analytics to break strategic stalemates that prevent them from creating value. It shows what they need to do to generate the needed risk insights, at the intersection of the strategy, risk management, underwriting, investment and actuarial disciplines. It outlines a framework capable of integrating strategy and risk management processes.
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Before establishing his own firm, Mr. Berliet was a Senior Manager in the Risk and Capital Management Practice of the Insurance and Actuarial Advisory Services Practice at Ernst & Young. He led the development of the initial methodology needed for this purpose while he was a senior consultant at Tillinghast-Towers Perrin.
Earlier in his career, he held senior executive positions in strategic planning and corporate development at Liberty Mutual, MetLife, Citibank, Continental Bank and General Electric, as well as in strategy consulting, principally with The Boston Consulting Group.
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