Before You Run for Cover

Sponsored By Oliver Wyman

Topics:

Finance & Risk Management > Expense Management , Insurance

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Abstract:

For most large firms, insurance coverage carries a hefty price tag. Yet the extent and structure of coverage at many companies is the result of ad hoc decisions made over the course of several years. While these individual decisions might have been perfectly rational at the time they were made, the aggregate coverage, viewed as a portfolio, may no longer be coherent or cost effective. Of late, CFOs are subjecting their insurance coverage portfolios to closer scrutiny, due in part to a heightened focus on shareholder value creation and capital efficiency. Increasingly, a number of businesses are turning to "insurance optimization," an emerging discipline that takes an organization’s cost of capital and overall appetite for risk into account when evaluating the economic efficiency of insurance purchases.

DETAILS

Sponsored by: Oliver Wyman

Posted: September 30, 2008

Length: 7 pages

Format: PDF (190 kb)

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