A system that works ... so far

Article Abstract:

France's approach to natural catastrophe insurance, which involves the public and the private sector in providing complete protection to citizens, is the envy of its European neighbors. Under the unique compensation system implemented in 1982, insurance policies guarantee fire and other property damage, physical damage to automobiles and profit losses due to natural disasters. An additional premium which must be personalized in the payment notice funds the guarantee. Reserves are added as a precautionary measure. Its results have been favorable over the last 12 years, with only two of those years characterized by charges breaching premiums.

Industry Overview, France

---

Pay and performance must go hand in hand; agencies that want to improve individual performances should implement compensation systems that motivate employees

Article Abstract:

Insurance agencies seeking to improve employee performance should implement salary incentives that motivate. One way agencies can improve performance is to change straight salary increases to a salary bonus arrangement that ties the bonus to performance. Those employees who fail to meet projected goals do not receive a bonus. This type of salary bonus arrangement can work for managers also. Although rewarding employees for performance may be new, each agency is different and no program is right for every agency.

Methods, Analysis, Compensation and benefits, Employee motivation, Wages, Wages and salaries

---

Survey foresees increase in mergers, acquisitions

Article Abstract:

A report from Conning and Co. predicts that the current wave of mergers and acquisitions will continue in 1996-1997, as the process is an inevitable outcome of consolidation within the industry. Mergers and acquisitions totaled $27 billion in 1995, more than double 1994's figure of $12.5 billion. Public offerings were also on the rise, going from $1.9 billion in 1994 to $4.6 billion in 1995.

Reports, Conning and Co.

Similar abstracts:

• Abstracts: Don't marry new system with old work flow. Scarce human resources pose daunting challenge
• Abstracts: The Internet may be wonderful - but.... The Net has resources for underwriters, too
• Abstracts: Tracking the path of products. Toward a secure retirement. Keeping the faith on annuities
• Abstracts: Imaging with the human touch. How can I turn my agency into a "paperless office"? Planning for change
• Abstracts: Gimme shelter. Barnett decision sparks battles and questions from agents, OCC

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.