insurance risk management de edited r c gupta t c jain (1 résultats)

Contents Preface 1 Introduction to insurance management 2 Insurance sector in India 3 Insurance overview and types 4 Transfer of insurance policies and nominations 5 Insurance companies in India 6 Insurance association of India 7 Risk management 8 Futurology of risk management 9 Potential treatment and areas of risk management 10 Mutual insurance companies IndexInsurance management is a general term used to describe an insurance broker or services firm Within the insurance management sector there are three types of service providers insurance brokers or consultants dedicated insurance firms and financial institution insurance Regardless of the structure the role of an insurance management company is the same to provide access to insurance products and provide advice to potential clients The insurance industry has grown considerably in the past 10 years providing a dizzying array of products services and coverage The services offered by an insurance management company are designed to streamline this product offering and simplify matters for clients An insurers underwriting performance is measured in its combined ratio The loss ratio is added to the expense ratio to determine the companys combined ratio The combined ratio is a reflection of the companys overall underwriting profitability A combined ratio of less than 100 per cent indicates underwriting profitability while anything over 100 indicates an underwriting lossRisk management is the identification assessment and prioritisation of risks followed by coordinated and economical application of resources to minimise monitor and control the probability andor impact of unfortunate events jacket 280 pp.