A Managerial Game for an Insurance Company

Abstract

A managerial game based on a property and liability insurance operation instead of a manufacturing operation is described. It is designed primarily as a training device for middle-management and higher executive levels, but it is also capable of refinement into a detailed tool for planning and budgeting and of expansion to all types of insurance. In addition to the mathematical model on which it is based, sufficient references are listed to provide any individual company with most of the essential data needed for actually setting up its own game.