Successful Independent Consulting
OCTOBER 27, 2023
They don’t know to add a hefty margin to cover things like self-employment tax, business expenses, health insurance, and nonbillable time spent on business administration. Other tips: Benchmark your rate to increase your confidence. Or they haven’t raised their rates consistently over time, or they haven’t switched to a fixed fee.
BCG
AUGUST 29, 2016
Insurers today face a host of digital to-dos if they want to stay competitive—much less gain an advantage on their peers. It can also necessitate a fundamental overhaul of core insurance systems to digitize end-to-end customer journeys and automate decision making in basic functions such as underwriting and claims handling.
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Management Consulted
DECEMBER 16, 2008
This expertise may be as broad as “operations turnaround” and as specific as “benchmarking for insurance companies.” Note -firmsodeling” done in case work may not be directly comparable to the financial modeling more common at investment banks. ” Soft skills: 1) Client interaction (explained above).
Successful Independent Consulting
SEPTEMBER 16, 2017
Benchmark so you know your rate is reasonable. Your rate has to cover operating expenses (internet, phone, bookkeeping), business insurance, and self-employment tax (the employer's half of Social Security and Medicare). The tactics in this article will help if you bill by the hour or by the day. There are lots of ways to do this.
Harvard Business
JUNE 7, 2017
With automated pricing engines, insurers and banks can roll out new offers as fast as online competitors. One traditional insurer, for instance, shifted from updating its quotes every several days to every 15 minutes by simply automating the processes that collect benchmark pricing data.
Harvard Business
MAY 25, 2017
.” In 2012 the Commonwealth Bank restructured its evaluation system so that 75% of CEO incentives came from the bank’s total shareholder return (TSR), relative to a set peer group, and 25% from customer-satisfaction results, benchmarked against another peer group.
BCG
APRIL 11, 2017
The prevalence of transaction accounts, the availability of credit, and the willingness to save and buy insurance products are all positive markers of economic and social improvement. On the flip side, too much credit, high fees, and ill-suited insurance products are all counterproductive. Financial inclusion is a complex topic.
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