Dynamic business planning leads to a broader understanding of key business drivers and assists companies in preparing for, recognizing earlier and responding effectively to changes in the business, the competitive marketplace and/or capital markets.
An effective business plan considers multiple scenarios and evaluates the potential impact of different stress conditions. By projecting earnings and capital under different assumptions across all lines of business, as well as across assets and liabilities, management can evaluate the impacts 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 our proprietary financial integrated risk management systems, FIRM® and AFFIRM™
Conning supports 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 FIRM and AFFIRM 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, please contact us.