Beyond quick fixes: A fact-based approach to driving strategic cost optimisation

Wu, David
February 2012
Asia Insurance Review;Feb2012, p76
Trade Publication
The article offers tips for insurance companies related to cost management and optimization. It discusses difficulties faced by insurers in developing and implementing strategic cost reduction initiatives and stresses on the need for insurance companies to develop a comprehensive base about their costs and drivers. Methods for improved cost management includes developing a process-oriented view of cost, assessing key performance areas, and fact analysis.


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