This work unit is a center for business support excellence, providing data,
analytics, forecasting, product improvement, filings and support that helps the
company grow and become more profitable.
The Planning, Analytics & Risk Management (PARM) department
- Planning provides assistance with a variety of planning and
reporting functions for all departments, including annual strategic plans,
business expense and staffing plans, target setting, cost benefit analysis and
- Corporate Actuarial provides the following services: 1) enterprise
risk analysis, including dynamic financial analysis; 2) reserving; 3) financial
planning support, including financial forecasts; 4) financial analysis; and 5)
- Predictive Analytics group manages data modeling for property
casualty insurance pricing, underwriting and claims.
- Staff Underwriting develops rates, rules and forms, filing them with
the various state departments of insurance, and deploys bulletins for agents
- Pricing Analytics group provides analysis and support for personal
and commercial product pricing and manual rate filings. The group works with
underwriting departments to provide analysis and develop tools to achieve their
PARM associates are insurance professionals, including financial analysts,
filing specialists and actuaries who specialize in analyzing the financial
impacts of our business plans, evaluating risk, developing rates for our
insurance products and interacting with departments of insurance. They may hold
a Chartered Property Casualty Underwriter (CPCU) or actuarial designation and
are familiar with our company’s underwriting philosophies. Our actuarial
associates understand principles of statistical analysis and modeling.
Associates in this department require an attention to detail.