Avalution Consulting
Skip navigation links
Perspectives
Client Service
About Us
Contact Us
Avalution Webinars
BCM 101
Skip navigation links
Functional Practices
Industry Practices
Business Continuity Consulting: The Banking Industry
Business Continuity Consulting: The Insurance Industry
Business Continuity Consulting: Manufacturing
Business Continuity Consulting: The Pharmaceutical & Biotechnology Industries
Business Continuity Consulting: Professional Services
Business Continuity Consulting: Public Health Departments
Business Continuity Consulting: Retail
Business Continuity Consulting: Utilities
Business Continuity Consulting: Educational Institutions
Business Continuity Consulting: The Healthcare Industry
Business Continuity Consulting: Trade Associations
Technology Solutions
Key Focus - Certification Readiness
Project Examples
Avalution's Guarantee
Business Continuity Consulting: The Insurance Industry

The Insurance industry is continually influenced by state-based regulatory requirements, and is inherently an environment focused on risk management. Therefore more and more insurance companies are beginning to design, develop and implement business continuity programs. Given the competitive nature of the industry and the renewed emphasis on governance, business continuity has a risk management focus.

Although insurance organizations are culturally diverse and have uniquely placed products in the market, the scope of the business continuity program often includes:

  • "Typical" corporate support processes (i.e. human resources, payroll, accounting, investor relations, etc.)
  • Key processes contained within core lines of business (i.e. auto, home, life, etc.)
    • Underwriting
    • Actuarial services
    • Claims reporting and claims payments
  • Call centers or customer service communication
  • Policy issuance and mail handling
  • Billing and collections
  • Investments and cash management
  • Technology support (data integrity and intellectual property)
  • Records retention
  • Field operations
Each organization is unique and requires its own set of customized solutions. Contact us today to take advantage of a complimentary, 30-minute discussion with one of our experts to further explore business continuity strategies and challenges specific to your organization.
 

© 2007-2010 Avalution Consulting LLC | Site Map | Contact Us | Terms of Use