Q: What are insurance funds and what are examples of insurance funds?
A: The Insurance Fund is a common fund on Bybit that goes about as the first line of defense against…
Q: How tools are used in insurance risk management
A: Risk Management Techniques Techniques for coping with dangers are known as risk management…
Q: Describe a private insurance. what is it? Discuss the primary strengths and advantages, and…
A: Private Insurance means an insurance plan which is not operated by the government. It comes under…
Q: What are your recommendations for Insurance companies ?
A: 1.lapsation benifit to all 2. Reasonable refundable value 3. Single expense ratio
Q: What is meant by the expression, “The policyholder gets the benefit of the doubt,” in connection…
A: All insurance policies favour the insured person if there is any doubt etc benefits of doubt is…
Q: Define insurance expense.
A: Expense: It refers to the cost incurred by a business to generate revenues in their business…
Q: ain ONE key financial risk that an insurance company is exposed to. Explain the policies and…
A: Basic Concept of Insurance Financial risk in insurance and Mitigation
Q: Why insurance companies important for individuals and businesses?
A:
Q: in insurance terminologies this means that a life insurance policy has been paid and active?
A: In insurance terminology premium means that a life insurance policy has been paid and active.
Q: Is insurance company a financial institution? Why?
A: Financial Institution:-These are those companies that are engaged in the business dealing with…
Q: Describe how the insurance company's solvency and management status are evaluated.
A: The term insurance company is used to describe a company that writes insurance policies, pays…
Q: What is the importance of insurance companies?
A: Insurance firms are financial middlemen that provide direct insurance or reinsurance services,…
Q: What levels and kinds of risks are properly and mosteconomically passed on to insurance carriers?
A: Levels of risk are: High It involves a huge amount of risks involved that are needed to be insured…
Q: what are the pros and cons of being insured by a mutual insurance company vs a stock insurance…
A: There are two types of insurance companies: mutual insurance company and stock insurance companies.…
Q: ce risk management tools?
A: Risk Management Techniques Techniques for coping with dangers are known as risk management…
Q: An insurance refers to a signed agreement between the insured and the insurer. a. Security b.…
A: In Insurance there are two parties, Insurer and Insured
Q: How does credit risk affect insurance companies
A: Credit risks affect insurance companies in a tangible and often direct manner.
Q: What is the difference between mutual and stock insurance company?
A: Risk is an inseparable part of investment. To reduce the risk, different techniques are used.…
Q: Discuss how benefits of insurance has sustained the insurance industry to date
A: Insurance is an arrangement under which a person or agency receives financial security or…
Q: What are two areas of public spending which directly impact an insurance company? What impact do…
A: Public Spending Public spending refers to money spent by a nation's government on things that the…
Q: What type of information is entered for insurance and why is insurance important?
A: Insurance is a way to protect oneself from financial loss. It is a type of risk management that is…
Q: What is the main difference between stock life insurance companies and mutual life insurance…
A: Insurance companies are often organized as either a stock life company or a mutual company. In a…
Q: tell me why the use of reinsurance contributes to the solvency of the ceding insurer.
A: By ceding a portion of their risk, ceding companies reduce their overall risk exposure and…
Q: How does insurance commission assures the investing public on the safety of the insurance products…
A: Insurance Commission is an amount paid to the broker or agent of insurance products for selling the…
Q: why is it important for insurance companies to manage underwriting risk?
A: in contract of insurance there is a guarantee by insurance that it will pay the damage or loss .…
Q: dicuss undertaking in insurance
A: Insurance refers to a contract in the form of a policy between the insurance holders and insurance…
Q: What will making a prepayment for insurance have the effect of?
A: The insurance paid in advance means the expense has been paid but it is not due yet.
Q: Profits of the insurance business are shared with
A: Insurance business is a type of business in which company provides assurance to another company or…
Q: Which of the following statements about prepaid insurance is true?
A: Prepaid insurance is a current asset which is created when the insurance paid comprises of a portion…
Q: How does the Insurance Commission assure the investing public on the safety of the Insurance…
A: Insurance Commission is an amount paid to the broker or agent of insurance products for selling the…
Q: How do insurance companies calculate their premiums?
A: Insurance guarantees payment of a stated benefit after completion of a defined period. After expiry…
Q: Insurance companies perform functions that are similar to those of investment companies. * True or…
A: Insurance companies are those companies that have been formed in order to cover the loss of an asset…
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