Ward Group, a provider of benchmarking and research studies to the insurance industry, recently published its findings from a study of billing and collections practices for insurance companies and identified several notable payment trends.
A recent Ward Research Center survey of senior management at insurance carriers revealed that maintaining profitability continues to be a challenge and a primary concern for companies.
Insurance carriers are increasing their reliance on metrics as they manage their business and are not relying strictly on their own numbers, according to Jeffrey Rieder, president of the Ward Group.
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The Ward Group has analyzed the financial performance of thousands of P&C insurers in the U.S. to compile a top 50 list of those that are demonstrating financial stability. Nine new additions were added to last year's list.
Changes in P&C insurance company employee compensation and further reductions in employee benefits at these firms are expected throughout 2010, according to a new study by the Ward Group.
Changes in property and casualty insurance company employee compensation and further reductions in employee benefits at these firms are expected throughout 2010, according to a new study.