1<!DOCTYPE html>
2
3Anonymous
4/bestp
5/bestp/domrep.nsf
6B60B74CADC308E1C85257178004EB672
8
9
10
11
12
13
140
15
16
17/bestp/domrep.nsf/products/insurance-risk-management-departments?opendocument
18
19opendocument
2034.236.216.93
21
22
23www.best-in-class.com
24/bestp/domrep.nsf
25DB




Products & Services Business Operations Benchmarking and Quality Benchmarking

Insurance Risk Management Departments

ID: 4897


Features:

Metrics, Summary Matrix, Detailed Process Map


Pages/Slides: 24


Published: Pre-2014


Delivery Format: Online PDF Document


 

License Options:
close

Single User: Authorizes use by the person who places the order or for whom the order was placed.

Sitewide: Authorizes use of the report for a geographic site. All people at site can view the report for a year and copies can be printed.

Corporate: Authorizes use for the entire company for a year and copies can be printed. No limitations for usage inside the company.




Buy Now

 


  • STUDY OVERVIEW
  • BENCHMARK CLASS
  • SPECIAL OFFER
Non-Members: To download a complimentary excerpt of this research, please click here.


Study Overview:
As corporate operations, assets, and liabilities become more complex, the importance of managing risk exposure has become a critical factor for cost control. This 24-slide presentation is designed to help finance and risk management organizations understand whether they are focused on the right subjects at the right employment intervals. The study assesses optimal combinations of structure, activity level, budget, and staffing resources in insurance risk management departments.

Companies can use this information to streamline insurance risk departments. By comparing organizational structures, budgeting methods, and activities performed, this document provides a comprehensive assessment of the best practices in insurance risk management to aid companies in identifying problem areas and making the most beneficial changes.

Topic Areas:

  • Organizational Structure
  • Activities
  • Level of Outsourcing
  • Departmental Budget
  • Staff Allocation
  • Best Practices for Risk Management

Key Metrics:
  • Percent employing different departmental structures
  • Percent with department headquarters in the US vs. other countries
  • Responsiblity areas of activity within risk management departments
  • Level of outsourcing for departmental activities
  • FTE levels and FTE average, and FTEs for each role/position
  • Overall budgets, budgets as % of 2005 company revenue and FTEs by budget range

Sample Key Finding:
  • 85% of the benchmark class outsources some or all of their claims processing. Fully outsourcing this and other non-strategic activities such as collecting and processing renewal data may be opportunities for cost savings.

Methodology:
Best Practices, LLC conducted surveys and follow-up interviews with 24 sales training managers and executives at eighteen pharmaceutical, biotechnology and medical devices companies.

Industries Profiled:
Pharmaceutical; Manufacturing; Chemical; Consumer Products; Computer Software; High Tech; Diversified; Computer Hardware; Retail


Companies Profiled:
Abbott Laboratories; A-DEC; Nordic Ware; Yule Catto; Alticor Inc.; Hayes-Lemmerz; Sun Microsystems; Fujitsu; Sunrise Senior Living; PLIVA Pharmaceuticals

If you purchase Best Practice Database document(s), you will have 30 days from the date of purchase to apply some or all of the cost of the document(s) toward the cost of a Full Access Individual, Pharma, Group or University Membership. Write us at DatabaseTeam@bestpracticesllc.com or call David Guinn at 919-767-9179 if you have any questions.