Restructuring: determining who stays, who departs
Article Abstract:
Restructuring or downsizing in the insurance industry can be a difficult process, but it can be accomplished by choosing employees having such characteristics as ambition and supervisory skills. Such employees, however, should not be motivated solely by status or finances because they may find they are not fit psychologically for the job. Other important factors include the ability to relate easily with fellow workers, how company policy is regarded and how the employee responds to pressure.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1992
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An exercise in risk transfer
Article Abstract:
The National Association of Insurance Commissioners (NAIC) has adopted a new policy changing the rules applied to risk transfer under financial reinsurance agreements. The new NAIC rule will make it clear that to obtain the definition of reinsurance, the deal has to involve risk transfer. Furthermore, the risk being transferred has to have elements of both timing risk and underwriting risk.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
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