Corporate planning in general insurance

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This working party paper is therefore intended to provide a general introduction to the subject, which is largely missing from actuarial literature: to cover basic planning elements common to all businesses; to highlight certain features specifically relating to general insurance; to discuss aspects of actuarial involvement in planning; to give suggestions for further reading. While much of the approach to strategic planning as described in this paper is (or should be) straightforward commonsense, the formulation of a strategic plan can prove a major challenge in practice. For students, it may also be helpful to have a case study available and it is intended to review one possible (hypothetical) outline example at the GISG Convention, with a view to determining whether further development of such a study is felt useful.