Final answer:
The consultant's main objective is likely to assess the insurance company's risk management strategies, including how they handle cash flow and manage issues like moral hazard and adverse selection.
Step-by-step explanation:
The main objective as a consultant hired by an insurance company could vary, but based on the information provided, it is likely to assess the company's risk management strategies. This task involves examining the existing methods the company uses to mitigate and manage risks associated with their insurance products. You might also explore how the company handles cash flow from paid-out policies and strategies for lending or allowing policyholders to borrow against their policies. Furthermore, part of your role could be to ensure that the company is adept at handling issues related to moral hazard and adverse selection, which can impact the company's financial health. Familiarizing yourself with the company's organizational structure and goals will assist in providing more targeted and effective recommendations for improvement