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At the Crossroads of Change: Risk and Capital Management in the Insurance Industry

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  • John Drzik

    (Mercer Oliver Wyman, 99 Park Ave., Fifth Floor, New York, NY10016, USA.)

Abstract

Insurance companies are currently under considerable pressure from regulators, analysts and investors to change their approach to risk and capital management. As insurers consider how to implement new ways to measure and manage their business in response to these demands, they would do well to heed the lessons learned in the banking industry, which has been on a similar path for the last decade. Firms that implement a well-constructed risk and capital management framework can derive significant near-term business benefits, and substantially strengthen their medium-term competitive position. The Geneva Papers (2005) 30, 72–87. doi:10.1057/palgrave.gpp.2510006

Suggested Citation

  • John Drzik, 2005. "At the Crossroads of Change: Risk and Capital Management in the Insurance Industry," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 30(1), pages 72-87, January.
    • Handle: RePEc:pal:gpprii:v:30:y:2005:i:1:p:72-87
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    Cited by:

    1. René Doff & Jan Bilderbeek & Bert Bruggink & Pieter Emmen, 2009. "Performance Management in Insurance Firms by Using Transfer Pricing," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 12(2), pages 213-226, September.

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