Essays on Insurance

Introduction Insurance companies are operating in a fast-moving global marketplace characterized by technological advancement, global communications, and the ever-changing needs of demanding customers. These drivers increase competition among insurance providers and require careful consideration for organizations to be successfully positioned for creating or maintaining customer value. Organizations are therefore challenged to parallel their business processes…

B in order to recover the amount hat was paid towards the repair of Mr.. Bi’s motor vehicle. Due to MR.. B being indemnified a doctrine of subrogation is possible. Summons is therefore issued to MR.. X with regard to this matter. Mr.. X however is unsure if there is any justification for this action…

State and explain the difference between insurance and hedging Insurance is generally an action taken to offset the impact of a negative event. Taking out insurance is a bet that something bad may happen and that protection against it is needed. Hedging is a type of insurance. However, hedging is a markedly different method of…

Introduction             The character of a person is revealed through his/her thoughts, attitudes, actions and the things owned by him/her. Among the various possessions that human beings value, car is one such thing which tells lot about the character of the owner. An individual selects a car which matches his/her taste and qualities. In the…

BDO Insurance Brokers Inc., a wholly owned subsidiary of Banco de Oro Unibank, is a team of seasoned industry professionals specializing in property, casualty insurance, healthcare, life assurance, and employee benefits. Contrary to popular belief, insurance is a complex and specialized subject that even experienced practitioners like us encounter unexpected issues in. To enhance our…

Lactate’s management information system enables it to track and measure key drivers of career development and career opportunities for all of its employees, ensuring that the company’s future workforce will be diverse at all levels. Step two: Development. Through the company’s employee development process, all employees receive an assessment of their current job skills and…

RESEARCH PROBLEM AND PURPOSE COMPANY PROFILE IDBI Fortis Life Insurance Co Ltd, is a joint venture between three leading financial conglomerates – India’s premier development and commercial bank, IDBI, India’s leading private sector bank, Federal Bank and Europe’s premier Bancassurer, Fortis, each of which enjoys a significant status in their respective business segments. In this…

Anta, at the age of 20, launched his inaugural store, Crazy Eddie, an electronics store renowned for its low prices and lively ambiance. As the business prospered, Anta swiftly expanded his empire by opening another store. However, from the very beginning, there were indications of fraudulent activities in Anta’s mind. He refused to abide by…

I. Introduction There has been a renewed keenness on the lookout for incidences of fire occurrence lately especially within the last two years. Not only are investigators concerned with the damages incurred in properties and harm on individual lives, they are also very much disturbed by the current reasons of why these so-called ‘burnt’ assets…

As a risk manager for the hotel chain sector, I would consider property risks as one of the factors that would least likely render an establishment to be uninsurable.  (Jardine Lloyd Thompson (JLT) Asia , 2008)             My judgment is based on the following premises: (1) It is very common for any establishment to experience…