The book provides an understanding of the rules and follow of the insurance coverage market and the way insurance coverage corporations function within the property and casualty (P&C) and long-time period insurance coverage markets. It supplies a sound understanding of all features of the character and position of insurance coverage, from primary rules by means of to how the business works in follow. This consists of how the insurance coverage market features and the connection between the organizations concerned, together with why and the way they’re regulated. It additionally offers an summary of the varieties of merchandise out there.
It describes the varied business features and actions undertaken by an insurance coverage company and the way they match into the broader operational and ever-altering business surroundings. It compares relative deserves of various insurance coverage merchandise and their suitability for customers in several circumstances and explains the product lifecycle and pricing features, how insurance coverage corporations function and the insurance coverage sector’s positioning inside the wider monetary providers surroundings.
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