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Demutualization Essay Topics & Paper Examples

Mutual Insurance Company of Iowa

The Mutual Insurance Company of Iowa has experienced a significant growth in sales within the last year, and in turn, has experiences a significant increase in insurance claims. After careful consideration and evaluation, the Mutual Insurance Company has elected to incorporate significant operational changes to meet the demands of the increased volumes. Specifically, incorporation of a lean operational model will be discussed. Pertinent Background Information Over 180 employees at Mutual Insurance Company of Iowa are responsible for processing all of the claims for the United States. A recent increase in the volumes of claims has resulted in an increase in claim processing times from 10 days to 10 weeks. Varying processing procedures, varying levels of claim approvals and the additional…