Risky Business

Saporito, Pat; Strobel, Dale
November 2010
Best's Review;Nov2010, Vol. 111 Issue 7, p89
Trade Publication
The article focuses on the significance of risk management and financial performance in insurance industry. It notes that both are best optimized when brought into reporting, planning, and business intelligence processes of enterprise system. It points out that risk and financial calculation models are supported by management, statutory, statistical, and accounting data.


Related Articles

  • Commercial Risk Modeling Obstacles Can Be Overcome. Fitzgerald, Beth // National Underwriter / P&C;6/2/2008, Vol. 112 Issue 21, p42 

    The article discusses the benefits of implementing predictive modeling technology as a tool in improving flow process in insurance business. It relates the use of predictive risk modeling in enhancing management, market responsiveness and competitive advantage and allows refining of risks based...

  • Lesson Plan. Saporito, Pat // Best's Review;Nov2009, Vol. 110 Issue 7, p97 

    In this article, the author discusses the application of business intelligence in the insurance industry. She notes that data asset leverage is important for insurers to improve business performance, which include consumer profitability and risk management. She describes the benefits of business...

  • EMERGING RISKS: THE HIDDEN TRANSFORMERS. Wittenberg, Alex // Ivey Business Journal;Nov/Dec2010, Vol. 74 Issue 6, p1 

    As if the challenges facing a business leader today weren't already formidable, along comes one that may be the most difficult and least understood of all. Emerging risks, unanticipated and unplanned for, such as the eruption of a volcano in Iceland earlier this year, are having a serious impact...

  • Optimizing a Company's Loss Retention Level. Laborde Jr., Lucien P. // Risk Management (00355593);Feb91, Vol. 38 Issue 2, p54 

    This article presents guidelines in optimizing the loss retention level in a business organization. Although the art and science of risk management has progressed over the past decade, determining optimal retention levels for individual coverages and for the entire insured entity remains an...

  • Operational risk management with real-time business intelligence. B. Azvine; Z. Cui; B. Majeed; M. Spott // BT Technology Journal;Jan2007, Vol. 25 Issue 1, p154 

    Abstract  Operational risk is a function of the complexity of the business and the environment that the business operates in. Such complexities increase as the business or the environment become more dynamic, i.e. where change is a permanent feature and a factor to build into the...

  • WHAT TO DO WHEN EVERYTHING HITS THE FAN AT ONCE. Feuer, Michael // Smart Business Orange County;May2012, Vol. 7 Issue 1, p30 

    The article presents the author's tips on how to deal with challenges and troubles in business. The author mentions the first step as deep breathing and counting to 10. He also advises to write some ideas on how one should get started. According to the author, a keen mind, an incredible sense of...

  • Modeling programs help companies understand risks. Zolkos, Rodd // Business Insurance;10/29/2001, Vol. 35 Issue 44, p3 

    Reports on the effectiveness of modeling programs to help companies understand risks, make informed insurance purchasing and risk management decisions in Barcelona, Spain. Management presentations discussed with ease using the program; Involvement of senior management; Main goal for the...

  • ERM To The Rescue! Friedman, Sam // National Underwriter / P&C;2/9/2009, Vol. 113 Issue 5, p5 

    The article focuses on enterprise risk management (ERM). It discusses the need for universal adoption of ERM in the U.S. economy, particularly for the out-of-control banking sector. The article shows that providing an ERM implementation kit would arm risk managers with the arguments and tools...

  • Cholamandalam MS Risk Services Ltd.  // Asia Insurance Review;Dec2007 Supplement, p23 

    The article provides information on the background of Cholamandalam MS Risk Services (CMSRSL), a joint venture of Murugappa Group in India and Mitsui Sumitomo Insurance Group in Japan, which has won recognitions on pioneering solutions in risk management. CMSRSL has proved with its growth in...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics