Annual Report 2005 Home 2005 Highlights Chairman's Statement Overview Management, governance & CSR Financial statements       Overview   Amlin at a glance   Vision & strategy     Vision     Underwriting cycle   Operating environment   Delivering Value   Financial performance   Outlook for 2006 Operating & Financial Review Vision and strategy - setting the targets and delivering for the future Achieving our Vision for 2009   2005 Major initiatives/actions towards our Vision and recognition of success 2009 Our Vision is to be the "global reference point for quality in our markets" 2006 Continued focus on the road to our Vision         For the business       Review of technical pricing methodology Review of risk aggregation modelling and systems capability We will be renowned for profit focused underwriting excellence Review and update of succession plans Review of underwriting competency and performance management model Completion of development of improved risk aggregate modelling systems Workflow systems introduced for all London market businesses Development of the Gen-us system for our UK commercial business Development of broker electronic peer to peer data exchange Development of data warehouse for underwriting and claims We will successfully leverage our expertise through maximising access to empowered underwriters, having the very best systems to support underwriting and claims and the effectiveness of our operational support Electronic trading capability development Continued development of data warehouse for reinsurance Additional resourcing in specific areas Leading industry return on equity achieved Reduction in Syndicate 2001 capacity for 2005 in face of expected softening of rating environment Shareholders consider Amlin's cycle management as second to none Expansion of Syndicate 2001 and Amlin Bermuda as market conditions improve Start-up of Amlin Bermuda Continuity is assured by a flexible platform, with an ability to write business both in and out of Lloyd's Development plan for Amlin Bermuda         For Clients       Review of underwriter perceptions of client needs by class Market research into UK cargo market We will be renowned for a thorough understanding of client needs combined with an ability to identify market trends and opportunities ahead of our competitors Research broker perceptions on a class by class basis Active work with selected brokers on the peer to peer transfer of data Wordings and contract certainty project Claims optimisation project Independent consultants, Gracechurch, rank Amlin first in London market for claims service We will be renowned for consistently delivering top notch client services Electronic trading capability development Investment in our contract wordings skills and processes Completion of our claims optimisation project         For our people       Review of alignment of reward systems to our strategy and Vision Senior management assessment of values which will sustain the Company's success Review of pension arrangements Increased employee communication Amlin's achievements will be underpinned by a culture and set of core values which, together with our enviable business reputation and first class employment practices, make Amlin "the place to work". Staff are proud to belong to the organisation. They commit and align their long term career development to the ambitions of the Group Implementation of changes to incentive arrangements Roll out of agreed core values across the Company Design of a leadership development programme Further development of core competencies required to meet the Vision     Print
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