Fundamentals of the Insurance Business PDF Download
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Author: Massimiliano Maggioni
Publisher: Springer
ISBN: 9783319528502
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
This textbook presents the fundamental economic dimensions of insurance companies and links them to managerial issues. Combining academic rigour and a strongly practice-oriented approach, it addresses both the competitive environment and the management of the insurance business. Further, it provides a general overview of insurance undertakings and technical topics are explained in depth. Filling an important gap in the market for textbooks on the insurance business, it is divided into four parts and 35 chapters. Part I (chapters 1 to 10) describes the fundamentals of the business, how the industry works, the Authorities and the regulations. It presents the insurance products (for life, non-life retail, and non-life commercial lines). Part II (chapters 11 to 17) explains the pricing and reserving for life and non-life insurance. Reinsurance business is also illustrated. Part III (chapters 18 to 25) describes business models in the industry and the organizational structures. The main processes of an insurance company (product development, underwriting, claims settlement, investments) are presented. Marketing and distribution are also described. Part IV (chapters 26 to 35) defines the financial statement and introduces IFRS principles. Solvency II calculation, ALM model, and Embedded Value are explained in detail. This part also describes management accounting, performance indicators, and the Business Plan in the insurance industry. The book offers a valuable resource for lower and upper undergraduate students, graduate students, professionals/practitioners working at insurance companies, insurance agents, brokers, bankers, and consultants.
Author: Massimiliano Maggioni
Publisher: Springer
ISBN: 9783319528502
Category : Business & Economics
Languages : en
Pages : 0
Get Book Here
Book Description
This textbook presents the fundamental economic dimensions of insurance companies and links them to managerial issues. Combining academic rigour and a strongly practice-oriented approach, it addresses both the competitive environment and the management of the insurance business. Further, it provides a general overview of insurance undertakings and technical topics are explained in depth. Filling an important gap in the market for textbooks on the insurance business, it is divided into four parts and 35 chapters. Part I (chapters 1 to 10) describes the fundamentals of the business, how the industry works, the Authorities and the regulations. It presents the insurance products (for life, non-life retail, and non-life commercial lines). Part II (chapters 11 to 17) explains the pricing and reserving for life and non-life insurance. Reinsurance business is also illustrated. Part III (chapters 18 to 25) describes business models in the industry and the organizational structures. The main processes of an insurance company (product development, underwriting, claims settlement, investments) are presented. Marketing and distribution are also described. Part IV (chapters 26 to 35) defines the financial statement and introduces IFRS principles. Solvency II calculation, ALM model, and Embedded Value are explained in detail. This part also describes management accounting, performance indicators, and the Business Plan in the insurance industry. The book offers a valuable resource for lower and upper undergraduate students, graduate students, professionals/practitioners working at insurance companies, insurance agents, brokers, bankers, and consultants.
Author: Hargovind Dayal
Publisher: Notion Press
ISBN: 1947949683
Category : Business & Economics
Languages : en
Pages : 219
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Book Description
Insurance is perhaps the most effective device for managing ‘risk,’ which is a pervasive phenomenon in our lives. We can sometimes avoid or reduce it but never entirely eliminate it. Whether you are a Graduate student who is studying insurance as a part of your curriculum, or an Executive managing your Organization’s Insurance and Risk Management Program this book will provide you with a strong conceptual foundation, comprehensive knowledge of non-life and life insurance products, and perspectives on how insurance functions as a part of the economy. Essentially, you will understand ‘why’ it is needed, ‘what’ solutions it provides, and ‘how’ different business processes and professionals work together to deliver the vital compensation to victims of disasters. Organized in 18 chapters that are comprehensive yet brief, it continuously relates facts to theories, concepts to processes, events to their context, and the rule-of-thumb to underlying basic principles. Thus, insurance will be demystified, and you will be empowered to decode ‘insurance speak.’
Author: Robert Irwin Mehr
Publisher: Irwin Professional Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 802
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Book Description
Author: B. A. Newman
Publisher: iUniverse
ISBN: 1440105553
Category : Business & Economics
Languages : en
Pages : 86
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Book Description
Pocket Principles for the Insurance Business provides daily motivation for those in the insurance industry who wish to embrace adversity in order to reach success. As a seasoned life insurance salesman who has qualified for the million dollar roundtable every year he's been in the business, B.A. Newman truly understands the ups and downs of a business that has a retention rate of just 12 percent, and he provides the tools necessary to face rejection and rely on it as a positive influence when success seems unattainable. His inspirational snippets include relational and easily applied advice such as: work for the best companies, listen to your clients, love what you do, and don't sacrifice your reputation to make a sale. In a profession that can sometimes seem more like a roller coaster ride than smooth sailing, these motivational quotes will help inspire anyone to do great things ... every day. "Ben's Principles help our producers keep striving for goal achievement even on their toughest days." -Michael T. Fleming, CLU, ChFC General Manager & Financial Advisor, Mass Financial Group, Inc. "Pockets principles will have an impact on my first Million Dollar Roundtable qualification ..." Mark E. Kull, Financial Representative Northwestern Mutual Financial Network, Louisville, Kentucky AUTHOR BIO Benjamin Newman is a life insurance salesman who is a several-time qualifier for the million dollar roundtable. He is Founder of Continued Fight, LLC, a company that helps organizations overcome challenges and seek positive outcomes. Benjamin and his wife Ami live in St. Louis, Missouri, with their son J. Isaac.
Author: Burton T. Beam
Publisher: Ingram
ISBN: 9781932819403
Category : Finance, Personal
Languages : en
Pages : 800
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Book Description
Author: Emmett J Vaughan & Therese Vaughan
Publisher: John Wiley & Sons
ISBN: 9788126513062
Category :
Languages : en
Pages : 706
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Book Description
This consumer-oriented textbook addresses the principles of risk management without skimping on the discussion of insurance. It summarizes the nature of pure risk on the individual and on society and illustrates how insurance can be used to deal with the problems posed by such risk. Mirroring the diverse experience of its authors, the text is equally effective in presenting the principles of insurance theory and offering how-to advice to students. The traditional fields of life insurance, health insurance, property and liability insurance, and social insurance are treated in terms of their relationship to the wide range of insurable risks to which the individual and the business firm are exposed.· The Problem Of Risk· Introduction To Risk Management· The Insurance Device· Risk Management Applications· The Private Insurance Industry· Regulation Of The Insurance Industry· Functions Of Insurers· Financial Aspects Of Insurer Operations· The Legal Framework· Managing Personal Risks· Social Insurance Programs· Introduction To Life Insurance· The Actuarial Basis Of Life Insurance· The Life Insurance Contract-General Provisions· The Life Insurance Contract-Other Provisions· Special Life Insurance Forms· Buying Life Insurance· Annuities And Pension Benefits· Managing The Retirement Risk· Health Insurance: Disability Income Insurance· Health Insurance: Coverage For Medical Expenses· Health Insurance For The Elderly· Employee Benefits And Other Business Uses Of Life And Health Insurance· The Homeowners Policy · General Provisions· The Homeowners Policy Forms· Other Personal Forms Of Property Insurance· Negligence And Legal Liability· General Liability Insurance For The Individual· The Automobile And Its Legal Environment· The Personal Auto Policy· Commercial Property Insurance· Commercial Liability Insurance· Surety Bond And Credit Insurance· Insurance In The Future
Author: James L. Gosdin
Publisher: American Bar Association
ISBN: 9781627227018
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
A broad yet thorough overview, this book explains the basic elements of title insurance and gives attorneys and real estate professionals the practical knowledge and tools to counsel and protect their clients. Written in an accessible style, it explains what title insurance means, what it can and cannot do, and what can be asked for in a real estate transaction. It provides examples, practice pointers, charts and checklists to explain key points. It covers all relevant topics, including a general background of title insurance, its variations and common features, typical title insurance coverage and issues; explanations of the 2006 ALTA Loan Policy and the 2006 ALTA Owner's Policy, and much more.
Author: Emmett J. Vaughan
Publisher: John Wiley & Sons
ISBN:
Category : Business & Economics
Languages : en
Pages : 664
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Book Description
This classic, comprehensive book is divided into three sections. The first section examines the concept of risk, the nature of the insurance device, and the principles of risk management. This section also provides an overview of the insurance industry. The second section examines the traditional fields of life and health insurance as solutions to the risks connected with the loss of income. The Social Security system, workers compensation, and other social insurance coverages are discussed. The final section deals with the risks associated with the ownership of property and legal liability. Updated to reflect the changes in the field of insurance since 1996, and a listing of Web sites of interest.
Author: Emmett J. Vaughan
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 712
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Book Description
Accompanying CD-ROM contains sample policy forms, in an Acrobat format. cf. p. vii.
Author: Kevin M. Lynch
Publisher:
ISBN: 9781582930565
Category : Finance, Personal
Languages : en
Pages : 866
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Book Description
This publication focuses on the role of planning for insurance needs. Covers basic concepts in risk management and insurance, industry operations, legal principles pertaining to this industry, and regulation of insurers. Examines social insurance, life insurance and annuities, medical and disabilit income insurance, long-term care insurance, and personal property and liability insurance. Concludes with an overview of commercial property and liability insurance and a case study.
