Targeting work culture leads to winning teams
Article Abstract:
The new paradigm in corporate management is the self-supported work team in which the team members' pay increases and bonuses are linked to the performance of their team. Team incentives come from a pool funded from increases in business. The example of a multi-line property and casualty company that created cross-functional marketing teams that include underwriters, claims administrators, sales personnel and loss-control managers reveals that, to be a success, the team concept must be supported by cultural changes. Mechanisms must be created to reward good performance, promote creativity and innovation, and support customer service.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1996
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Underwriters go high-tech
Article Abstract:
Computers and other technology are being used to enhance the ability of underwriters to assess an insured's risk and exposures. Laptop microcomputers, for example, are used by field agents to collect and analyze information. Computer programs are available for catastrophe modelling and for determining a building's structural integrity. A gamma-ray tomography machine is even used by one insurer to examine the plant facilities of companies.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1995
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- Abstracts: The e-tailing of health benefit plans. Managing the health care benefits investment
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