Strategic Planning in Insurance

Samuel Msheliza

Chapter 1 in A Guide to Insurance Management, 1990, pp 1-21 from Palgrave Macmillan

Abstract: Abstract Insurance companies now face many uncertainties. During the 1970s and 1980s, insurance markets have experienced dramatic changes in the hitherto stable environment in which they operate, including greater price competition, deregulation of certain aspects of their operations, the advent and growth of consumerism and the development by large corporations of other methods of managing risk. New sources of competition, such as banks and other financial institutions, now offer services which were traditionally performed by insurance companies. In addition, fundamental changes in the macroeconomic environment create problems which management in insurance have to consider in their long-range decisions.

Keywords: Strategic Planning; Mission Statement; Business Unit; Competitive Position; Corporate Strategy (search for similar items in EconPapers)
Date: 1990
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DOI: 10.1007/978-1-349-07495-2_1

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