Dynamic business planning leads to a broader understanding of key business drivers and assists companies in preparing for, recognizing and responding effectively to changes in their businesses, the competitive marketplace and/or capital markets.
An effective business plan considers multiple scenarios and evaluates the potential impact of various stress conditions. By projecting earnings and capital under different assumptions across all lines of business, as well as across assets and liabilities, management teams can evaluate the impact of the strategic decisions being made.
Conning supports an insurance company’s planning efforts by:
- Providing marketplace and competitor analyses customized for the company’s specific needs
- Assisting in scenario development for evaluating risks and opportunities
- Modeling risks and opportunities using Conning's state of the art integrated risk management systems, our ADVISE® engine and AFFIRM™ software
Conning supports various aspects of the insurance company planning process, including:
- Business mix analysis
- Mergers, acquisitions, divestitures and business expansions
- Economic vs. accounting trade-offs
- Pro forma financial statement analysis
- Peer analysis
- Rating agency support
Both Conning's ADVISE® engine and AFFIRM™ software can link directly to a company’s existing annual planning models to develop comprehensive multi-year business plans and subject these plans to fully-integrated economic, capital market and underwriting stress tests.
To learn more about Conning’s dynamic business planning services or other strategic advisory services and risk modeling systems, please contact us.