Types of insurance

The first peril explicitly cited at the beginning of the article is a flood. As this risk is due to natural disaster, this would be classified as a static risk. Indeed, this is a risk that is not affected by the business environment, and that remain constant over time. As explained in the article, the probability that a 100-year event occurs 2 times in a row is small but not inexistent. In fact the probability that such an event occur is 1 over 100. However, it remains 1 over 100 the next year,…

1. INTRODUCTION ESTIMATING AUTO INSURANCE PREMIUM USING GENERALISED LINEAR MODELS 1.1 BACKGROUND INFORMATION AND PROBLEM STATEMEENT The basic role of insurance is to pool fortuitous losses together, provide financial protection, offering a means of transferring the risk of losses in exchange of an insurance premium. Insured’s pose varying level of risks to an insurer. It is rational that the rates charged correspond to individual risk levels. The non-uniform rates charged…

Typically, the company has source from two things, the first one is the insurance money collected from the customers and the amount which is received from reinsurance ceded, the claims are received from private health insurance and health solutions, secondly the money received from the customers which are invested in annual income bearing securities to generate a regular income. Some are fixed while…

Jeffery locker is a notable motivational speaker with a self-help guide. For this reason, he co-authored a book called, "Teachings for a new world." The book speaks of human potential. It teaches methods of connecting with your loved ones. Obviously, Locker is a man of his word and took his own advice. Later, Locker went on to give a multitude of sermons on how to handle workplace stress. Locker was an adamant speaker on how success is built on hard work. He stated in one of his lectures, “Do…

The development of an insurance claim starts when the patient makes the call to a health care provider's office and requests an appointment. At that time, the designated administrative staff must ascertain if the person is a new patient requesting an initial appointment or an established patient returning to the practice for other additional services. The preclinical interview and check-in of a new patient is longer than that for an established patient because the established patients has…

If you are HIV positive and are planning a trip or a vacation, you will need to add one more thing to your already long list of things to do. Anyone with a chronic disease has to consider their health when traveling, and HIV is no exception. You must give some thought to your HIV treatment and the medications that you are taking before you pack up and leave. This article will focus mainly on travel within the United States, although I will briefly touch on a few special considerations regarding…

(Peters & T, 1999). The act repeals provisions of the Glass-Steagall Act that restricted affiliations between banks and security firms. The Gramm-Leach-Bliley Act amends the Bank Holding Company Act to eliminate restrictions on affiliations between insurance and bank companies (Peters & T, 1999). This act will enhance the stability of our financial services system…

Claims and Assessments—On June 12, 2015, a putative class action complaint was filed in the United States District Court, Northern District of California against us. The complaint, which is similar to complaints recently filed against other large insurance companies, primarily alleges that captive reinsurance and other transactions had the effect of misrepresenting the financial condition of AAIA. The complaint purports to be brought on behalf of a class of purchasers of annuity products issued…

Insurance is a complicated industry governed by federal and state laws and regulations. Timely review of the regulation is an important task that if not done well, can create unnecessary risk to the company. This paper will discuss the importance of reviewing new laws, the challenges of doing so, and an innovative new software to do this, called Auto-Comply. The Problem The insurance industry is a highly regulated business and is expected to comply with regulation from the federal government,…

Not all auto glass repair administrations are made equivalent. It's a superior thought to contribute a minimal expenditure (which is very little more than a do-it-without anyone else's help windshield repair pack at the store) and have your windshield rock chip repaired effectively and not destroy the resale estimation of your auto. Be careful with shops that guarantee to carry out the occupation for far short of what others or notwithstanding for nothing, or that don't have testimonials or…