Insurance Strategic Expense Management | FTI Consulting
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Strategic Expense Management

Even when, by good fortune, companies have top line growth that relieves pressure on expense/income ratios, it remains prudent to have in place a strong strategic expense management program that continuously seeks to boost efficiency and profitability. To be effective, strategic expense management must be in harmony with business goals and not unduly constrain the company's ability to perform.

Meeting this challenge requires a clear understanding of company financial and operating infrastructure, looking beyond traditional opportunities for improvement in expense control and reduction such as premises and equipment, amortization and impairment, and compensation.

Our consulting team has deep and broad experience in helping insurers take advantage of strategic alternatives for expense management, including:

  • Greater utilization of resources through improved processes and enabling technology
  • Strategic outsourcing
  • Distribution channel optimization
  • Elimination of redundancies
  • Portfolio rationalization
  • Analytics-driven customer acquisition and retention optimization
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