TITLE

Light at the End of the Tunnel

AUTHOR(S)
Kornya, Tom
PUB. DATE
December 2009
SOURCE
Canadian Underwriter;Dec2009, Vol. 76 Issue 12, p54
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article suggests strategies to the property and casualty (P&S) insurers of Canada about protecting their business during an economic downturn. They are advised to use economic risk and capital measures as tools to make them understand their financial position and create risk management strategies. The current operating model of an insurance company must be reassessed, and observing a sustainable cost reduction that focuses on value, pace, and culture is suggested. Insurance companies are encouraged to capitalize on market opportunities.
ACCESSION #
47577000

 

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