Actuarial Notes

Exam DISC-RM Practice Question 257

Study guide: Exam DISC-RM

Over one year, a regional insurer's management (1) studies new competitors entering its market and its own claims capabilities; (2) decides to concentrate on small commercial accounts and compete on service; (3) reorganizes its underwriting teams around that segment; (4) reviews the segment's growth and loss ratio against its targets at year end. Which steps of the strategic management process are these, in order?

  • A) Analysis, formulation, implementation, evaluation
  • B) Formulation, analysis, evaluation, implementation
  • C) Analysis, implementation, formulation, evaluation
  • D) Evaluation, formulation, implementation, analysis

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