Shareholder value analysis

Document description

Insurance is not risky - Reinsurance is a waste of money - Dividends are there to be cut - Capital allocation is irrelevant - Your performance measures are meaningless - You can make money out of the cycle. If you find any of these statements surprising, you should read this paper and come to our workshop to find out more. We have used concepts from financial economics and Shareholder Value Analysis (SVA) to challenge conventional wisdom about general insurance. Our focus is strategic, not technical.