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Moreover, the turnaround time, the time from policy request to policy issue, for Fruitvale was 5 days, which was, much more than the turnaround time of Golden Gate (2 days). The branch was also losing on renewals, which amounted to nearly 33%, again more than double of Golden Gate. The renewal losses represent a significant loss of business and an overall reduction in the number of policies in force. While new policies have not increased substantially, renewal policies are being lost, thus, effective growth isn't happening.
2. What are the causes of these problems?
One of the causes is the wrong method used in calculating the turnaround time...
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Common topics in this essay:
- Financial Performance
- Financial Performance
- Financial Performance
- Financial Services Branch
- Halifax - Performance of Branch 5446
- Manzana Insurance Company
- Manzana Insurance ? Fruitvale Branch
- Manzana Insurance
- Manzana Insurance
- Manzana
- Manzana
- Microsoft And Ibm Financial Performance
- manzana
- NON FINANCIAL PERFORMANCE INDICATORS
- The statement of financial performance is based on data relating to past transactions and events. Hence the statement of financial performance is of no use to an investor’s decision making process.
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