Case Analysis
Content:
Manzana amends is a property insurance company that operates through a network of branch offices. It does not deal directly with the existence but with independent agents who in return deal with the customers. Agents select Low turnaround time and fast renewal rates.
sign analysis of the second suck mental process figures of Fruitvale branch at Manzana Insurance indicates declining clamss, poor operating performance and advancement of contender Golden Gates. Further analysis was conducted to make for to the core of the conundrum the management is facing and consequently, provide recommendations on how to go astir(predicate) these issues.
Issues:
* Low and declining Profits: During the first quarter of 1991, there was profit loss of ($ 174,000) which declined even further in the second quarter to ($121,000) (Exhibit 1). Reasons may include:
* Due to high turnaround multiplication (TAT)
* Calculate by management to be 8.
2 days
* Causes agents to refer clients to other companies
* Causes congestion and increased accumulation of policies
* Due to reduced bod of renewals (low renewal rates) because of increased volumes of late renewals
* Due to focus on new policies only
* Due to late policies
* Late RERUNs amount to 99.67% of come in late requests processed in 1991 which means it has a overlarge impact on total late requests processed.
* Poor performance and efficiency
* Processing issues:
* wrong prioritization of policies
* Emphasis on RUNs and RAPs and less on RAINs and RERUNS (although RAPs and RERUNs amount to 38.42% and 44% respectively of total requests processed as compared to only 13.33% RUNs and 9.64% RAINs.
* uneven workload distribution and uneven responsibilities
* understaffing (underutilization) at certain areas
* low conversion of RAP to...If you want to get a full essay, order it on our website: Orderessay
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