Review

Delivering our Strategy

  • A clear vision which is recognised internally and externally.
  • A robust process for delivery of our vision and a transparent mechanism for measuring progress towards it.
  • Good advancement towards our 2009 vision.

Delivering the strategy and measuring progress

Amlin’s approach to strategy development, implementation and measurement is summarised in the adjacent diagram.

The starting point for the strategic process is the Board’s annual strategy review which focuses on the strategic progress made in the past twelve months, significant internal and external developments, including economic, market and corporate events, and key strategic actions for the forthcoming period. The review provides the foundations to our strategic development.

EMG monitors market developments, considers options for delivery of the strategic direction agreed by the Board and develops implementation plans for actions. At a lower level, OMG and other business managers develop detailed complementary objectives generated within business and operational areas and these are agreed by EMG.

Strategic progress is tracked using a combination of key performance indicators and quarterly operational objective monitoring. More recently a strategic scorecard is being developed to provide a detailed quarterly strategic update to the Board.

Amlin Bermuda’s Board independently considers any strategic actions on a quarterly basis.

Our vision
Our vision
Click here for full sized image