Most senior managers have a high degree of natural talent and intuition that make them great leaders. Those abilities, combined with a solid understanding of the business, usually are enough to weather virtually any market conditions.
However, these are unprecedented times, with unique factors influencing our direction and derailing our traditional business plans. Today it takes a more sophisticated analytical approach to sort through all of the dynamic forces that can impact our strategies.
We need only look at the outstanding gains achieved in the underwriting field once leaders embraced analytics and integrated them into their rating formulas. These insurance industry innovators created a distinct competitive advantage in their ability to accurately assess and price their risks.
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