March 2016
Intermediate to advanced
700 pages
144h 54m
English
Content preview from Principles of Risk Management and Insurance, 13th Edition
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Chapter 6 Insurance Company Operations
“People who work for insurance companies do a lot more than sell insurance.”
Insurance Information Institute
Learning Objectives
After studying this chapter, you should be able to
Explain the rate-making function of insurers.
Explain the steps in the underwriting process.
Describe the sales and marketing activities of insurers.
Describe the steps in the process of settling a claim.
Explain the reasons for reinsurance and the various types of reinsurance treaties.
Explain the importance of insurance company investments and identify the various types of investments of insurers.
Jessica, age 24, is an English major at a large eastern university. The placement director for the university has an annual job ...
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