In light of this, corporate managers from all types of companies may embrace DFA voluntarily. It may become increasingly beneficial for companies of all types and sizes to perform at least moderate term strategic business planning for the following reasons. Most large companies need fairly significant amounts of lead time to adjust their businesses to changing economic conditions and operating strategies. For example, changes in distribution channels, and major changes in pricing and underwriting programs, can't be implemented overnight. When this lag in recognition is combined with the lag in operations lead time, serious strategic planning needs to look several years out to be effective.
Companies frequently try to raise capital once they're already in trouble.
This practice is often difficult and expensive. Planning may lead the company to anticipate a future need when times are good and capital can be obtained relatively inexpensively. The CAS believes that DFA will become an area of significant responsibility for the actuary and will increase actuarial involvement in key strategic business decisions. The CAS is committed to providing the profession with meaningful DFA education. The first-ever CAS DFA seminar was held in 1995 in Atlanta.