Ward Group, a provider of benchmarking and best practices services to the insurance industry and a sponsor of research studies, has introduced a new research center for P&C insurance companies.
Available as a subscription service, the Ward Research Center offers information and analysis specific to property/casualty insurers accumulated from Ward Group’s strategic studies and research, including information and opportunities that, up to now, have been available only to Ward Group benchmarking clients.
“Our new subscription service provides an enhanced level of support for insurance companies and service providers to benefit from our research and depth of data,” says Jeff Rieder, president of Ward Group.
As a subscriber to the Ward Research Center, P&C insurers can participate in all studies and receive customized results, attend webinars, download white papers addressing current issues, and access historic strategic studies.
In addition, Ward Group has announced an enhanced benchmarking program for life, health, and annuity operations. As part of this offering, financial discounts are available to companies that enroll in benchmarking programs before July 15, 2010.
“Our benchmarking program has been updated to reflect additional functions performed in life, health, and annuity lines of business,” says Rieder. “This new structure provides the capability to benchmark these businesses independently and collectively for organizations that operate across multiple lines of business. We help companies objectively compare staffing, expense, and other operating metrics with industry standards and determine what areas need to be evaluated.”
Ward Group’s program enables companies that also write property/casualty insurance to benchmark these operations, as well.