This work unit provides data, analytics, forecasting and product improvement that helps the company grow and become more profitable.
Planning, Analytics & Risk Management department includes:
- Planning aids with a variety of planning and reporting functions for all departments, including annual strategic plans, target setting, cost benefit analysis and managerial reporting.
- Corporate Actuarial provides enterprise risk analysis, including dynamic financial analysis, reserving, financial planning support, including financial forecasts, financial analysis and reinsurance support.
- Predictive Analytics manages data modeling for property casualty insurance pricing, underwriting and claims.
- Pricing Analytics 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 goals.
Am I equipped for this area? PARM associates are insurance professionals, including financial analysts 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 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 also require an attention to detail.