At a recent meeting of insurance financial managers, a leading insurance company CFO made the following summation in his presentation: all roads lead to finance; there are great opportunities to add value through finance; and financial staff must be ready, willing, and able to seize those opportunities.

Financial issues can become a serious vulnerability for non-finance managers. Turf always has been a concern in insurance company operations. Underwriting, claims, and finance are vying for control.

What about the company? All parts of the insurance operation should be doing what is best for the company, rather than focusing on individual agenda. The financial well-being of the company should be foremost.

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