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in Carrier Management

P/C CFOs Becoming Chief Strategist, Deloitte Says

In a January 2015 outlook report for the P/C insurance industry, researchers from Deloitte called on insurers to update their capital management processes to create frameworks for day-to-day operational decision-making not just overarching capital allocation exercises. As carriers develop new frameworks, their CFOs will be front and center, taking on a more visible role in setting strategy. Sam Friedman, Insurance Research Leader at the Deloitte Center for Financial Services, explains as he compares the CFO role to other C-suite titles--Chief Marketing Officer, Chief Human Resources Officer and Chief Technology Officer to name just a few.

Read more about Deloitte's Outlook report on CarrierManagement.com in related article, "It's Time for U.S. Insurers to Push Ahead on Climate Change: Deloitte."

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