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Operational Strategy & Improvements for an Insurance Company

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Operational Strategy and improvement recommendations for an insurance company. In 500 words, relating to the operations management strategy employed by an insurance company and provide suggestions for improvements. Please site any references used.

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The solution reviews Operational Strategy and improvement recommendations for an insurance company. In 500 words, relating to the operations management strategy employed by an insurance company and provide suggestions for improvements. Please site any references used.

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Insurance companies are just like any other business. The goal of the business is to expand market growth through operational strategies which result in the creation of a strategic competitive advantage. Through operational strategies, the insurance company finds new ways to structure the business operation and also increase earnings.

Insurance companies are currently in a tough position, especially in the United States. Why? During the past 10 years the nation has seen so many disasters, such as Hurricane Katrina, September 11 and Hurricane Hugo. These disasters cost insurance companies billions. How can an insurance company bounce back after such a downturn, through strategic planning? The insurance company gain market share growth to generate more revenue that it is puts out.

Let's look at how an ...

Solution provided by:
Jo Ann Prevetti, MBA, PhD (IP)
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  • Bachelor of Science in Paralegal Studies, Kaplan College
  • Business Diploma, Katharine Gibbs Business College for Women
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