Download or read book Best Practices of Insurance Companies written by Neuhardt Law Firm and published by . This book was released on 2010-08-04 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Changes in the Life Insurance Industry Efficiency Technology and Risk Management written by J. David Cummins and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: Major challenges for life insurance companies have been posed by an unprecedented wave of mergers and acquisitions in the insurance industry and the emergence of non-traditional competitors such as banks, mutual fund companies and investment advisory firms. This is the first book to analyze the determinants of firm performance in the life insurance industry by identifying the `best practices' employed by leading insurers to succeed in this dynamic business environment. The book draws upon data from insurer financial statements as well as upon an extensive survey of life insurer management practices and strategic choices in distribution systems, information technology, mergers and acquisitions, human resources and financial strategies. Generic strategies such as cost leadership, customer focus, and product differentiation are analyzed as well as strategic practices specific to the insurance industry. Best practices are identified by measuring the economic efficiency of insurers and by comparing firms across the industry. Both cost and revenue efficiency are measured relative to best practice efficient frontiers consisting of the industry's dominant life insurance firms. Economies of scale and the effects of mergers and acquisitions on efficiency are also analyzed. Financial strategies are examined with specific reference to pricing policy, valuation of assets and liabilities, and the current state of firm-level risk management systems. The benchmarks established are the result of extensive fieldwork that identifies key financial risks and methodologies to both measure and manage them at the firm level. The results discussed in the book indicate that firm performance is significantly correlated with management practices and strategic choices. Thus, life insurers can improve profitability by adopting optimal combinations of strategies. The book contains important new material on the effects of strategic choices in product distribution systems, information technology, mergers and acquisitions, human resources, and financial risk management policies. In the area of efficiency, the methodology provides a new approach for identifying peer groups of insurers and measuring the performance of individual insurers relative to their peer group. On the topics of risk and pricing, new insights are offered relative to current methodologies and in regard to areas where improvement is clearly warranted. The book concludes with an analysis of the future opportunities and challenges in the life insurance industry facing managers, and the strategic options available to them to cope with these changes.
Download or read book Indian Life and Health Insurance Industry written by Novi Dewan and published by Springer Science & Business Media. This book was released on 2008-08-29 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: Novi Dewan establishes a status quo of the Indian health and life insurance industry and discusses the best practices for various elements of the marketing mix. She complements secondary research with recent empirical data accentuating the emerging opportunities and challenges in the Indian Insurance Industry by using standardized interviews with opinion leaders and CEOs of several insurers.
Download or read book Delay Deny Defend written by Jay M. Feinman and published by Penguin. This book was released on 2010-03-18 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: An expose of insurance injustice and a plan for consumers and lawmakers to fight it Over the last two decades, insurance has become less of a safety net and more of a spider's web: sticky and complicated, designed to ensnare as much as to aid. Insurance companies now often try to delay payment of justified claims, deny payment altogether, and defend these actions by forcing claimants to enter litigation. Jay M. Feinman, a legal scholar and insurance expert, explains how these trends developed, how the government ought to fix the system, and what the rest of us can do to protect ourselves. He shows that the denial of valid claims is not occasional or accidental or the fault of a few bad employees. It's the result of an increasing and systematic focus on maximizing profits by major companies such as Allstate and State Farm. Citing dozens of stories of victims who were unfairly denied payment, Feinman explains how people can be more cautious when shopping for policies and what to do when pursuing a disputed claim. He also lays out a plan for the legal reforms needed to prevent future abuses. This exposé will help drive the discussion of this increasingly hot- button issue.
Download or read book Theory and Practice of Insurance written by J. François Outreville and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: Insurance is a concept, a technique, and an economic institution. It is a major tool of risk management, and plays an important role in the economic, social, and political life of all countries. Economic growth throughout the world has even expanded the role of insurance. Theory and Practice of Insurance aims to describe the significance of insurance institutions, the reasons they exist and how they function. The author emphasizes fundamental principles in risk and insurance, using an international frame of reference. This volume begins with an introduction to the concept of risk, then proceeds to cover insurance and its relationship to the economy; the principles of risk management and insurance; and the characteristics and performance of insurance companies.
Download or read book Insurance Claims Disputes written by Allan D. Windt and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Strategy Beyond the Hockey Stick written by Chris Bradley and published by John Wiley & Sons. This book was released on 2018-02-06 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beat the odds with a bold strategy from McKinsey & Company "Every once in a while, a genuinely fresh approach to business strategy appears" —legendary business professor Richard Rumelt, UCLA McKinsey & Company's newest, most definitive, and most irreverent book on strategy—which thousands of executives are already using—is a must-read for all C-suite executives looking to create winning corporate strategies. Strategy Beyond the Hockey Stick is spearheading an empirical revolution in the field of strategy. Based on an extensive analysis of the key factors that drove the long-term performance of thousands of global companies, the book offers a ground-breaking formula that enables you to objectively assess your strategy's real odds of future success. "This book is fundamental. The principles laid out here, with compelling data, are a great way around the social pitfalls in strategy development." —Frans Van Houten, CEO, Royal Philips N.V. The authors have discovered that over a 10-year period, just 1 in 12 companies manage to jump from the middle tier of corporate performance—where 60% of companies reside, making very little economic profit—to the top quintile where 90% of global economic profit is made. This movement does not happen by magic—it depends on your company's current position, the trends it faces, and the big moves you make to give it the strongest chance of vaulting over the competition. This is not another strategy framework. Rather, Strategy Beyond the Hockey Stick shows, through empirical analysis and the experiences of dozens of companies that have successfully made multiple big moves, that to dramatically improve performance, you have to overcome incrementalism and corporate inertia. "A different kind of book—I couldn't put it down. Inspiring new insights on the facts of what it takes to move a company's performance, combined with practical advice on how to deal with real-life dynamics in management teams." —Jane Fraser, CEO, Citigroup Latin America
Download or read book The Claims Game The Tricks and Deceptive Tactics Insurance Companies Use to Underpay or Deny Your Claim written by David Skipton, PCLA, LPCS, SPPA, AIC and published by Lulu.com. This book was released on 2015-11-10 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: When someone suffers a serious loss at their home or business, one of the first things they often think is this: "At least I have insurance." But the claims process is deviously designed to pay only pennies on the dollar for losses. Furthermore, if you take an insurance company to court, you'll find that the legal system is stacked against you. David Skipton brings his many years of claims adjusting experience to help you avoid the pitfalls in the claims process. Learn how to: recognize the tricks insurance companies play to cheat you out of money; take steps to improve your chances of enjoying a favorable outcome on a claim; and receive fair compensation in the event of an insurance payout. It doesn't matter if you own a business or a home-if you have an active claim or not-it's important to demystify the claims process. It begins by learning how to protect your best interests and learning how to play The Claims Game.
Download or read book Accounting Best Practices written by Steven M. Bragg and published by John Wiley & Sons. This book was released on 2016-03-22 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: ACCOUNTING BEST PRACTICES Seventh Edition Today's accounting staffs are called on to work magic: process transactions, write reports, improve efficiency, create new processes—all at the lowest possible cost, using an ever-shrinking proportion of total corporate expenses. Sound impossible? Not if your staff is using the best practices for accounting. Fully updated in a new edition, Accounting Best Practices, Seventh Edition draws from renowned accounting leader Steven Bragg's extensive experience in successfully developing, operating, and consulting various accounting departments. This invaluable resource has the at-your-fingertips information you need, whether you've been searching for ways to cut costs in your accounting department, or just want to offer more services without the added expense. The best practices featured in this excellent step-by-step manual constitute need-to-know information concerning the most advanced techniques and strategies for increasing productivity, reducing costs, and monitoring existing accounting systems. This new edition boasts over 400 best practices, with fifty new to this edition in the areas of taxation, finance, collections, general ledger, accounts payable, and billing. Now featuring a corresponding seven-minute podcast for each chapter found on the book's companion website, Accounting Best Practices is the perfect, do-it-yourself book for the manager who wants to significantly boost their accounting department.
Download or read book Winning Legal Strategies for Insurance Law written by Aspatore Books and published by . This book was released on 2006 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: Winning Legal Strategies for Insurance Law is an authoritative, insider's perspective on the best practices for insurance companies to stay in compliance with state regulations.? Featuring partners and chairs from some of nation's leading firms, these experts guide the reader through the intricacies of an insurance lawsuit, including important aspects of state regulations, insurance coverage disputes, and working with authorities to ensure compliance.? These top lawyers give tips on The Insurance Holding Company Act, The Statutory Account Principles, and Spoliation Laws. Additionally, these leaders reveal their strategies for planning defensively, keeping abreast of change, and finding creative solutions in a variable area of law. The different niches represented and the breadth of perspectives presented enable readers to get inside some of the great legal minds of today as these experienced lawyers offer up their thoughts around the keys to success within this ever-evolving field.
Download or read book Selling Car Home Insurance written by Joan Matin and published by . This book was released on 2021-03-15 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The very best insurance agents know what it takes to sell insurance. It doesn't matter if you are an exclusive or an independent agent, as long as you follow these rules, you too can be a success selling auto and home insurance. In this engaging practical easy read book I have put together some of the best practices I have learned during my time in the insurance industry. This is process-focused with tips and tricks that I have learned.
Download or read book Insurance and Issues in Financial Soundness written by Nigel Davies and published by International Monetary Fund. This book was released on 2003-07-01 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores insurance as a source of financial system vulnerability. It provides a brief overview of the insurance industry and reviews the risks it faces, as well as several recent failures of insurance companies that had systemic implications. Assimilation of banking-type activities by life insurers appears to be the key systemic vulnerability. Building on this experience and the experience gained under the FSAP, the paper proposes key indicators that should be compiled and used for surveillance of financial soundness of insurance companies and the insurance sector as a whole.
Download or read book Risk Management Liability Insurance and Asset Protection Strategies for Doctors and Advisors written by David Edward Marcinko and published by CRC Press. This book was released on 2015-12-22 with total page 756 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is not uncommon for practicing physicians to have more than a dozen separate insurance policies to protect their medical practice and personal assets. Yet, most doctors understand very little about their policies.Risk Management, Liability Insurance, and Asset Protection Strategies for Doctors and Advisors: Best Practices from Leading Consultant
Download or read book Insurance Law Client Strategies written by and published by Aspatore Books. This book was released on 2007 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: Insurance Law Client Strategies is an authoritative, insiders perspective on best practices for counseling both policyholders and insurance companies on claims and policy disputes. Featuring partners and chairs from some of the nations leading law firms, these experts guide the reader through developing a client/attorney relationship, maximizing the value of the attorney, and analyzing the intricacies of insurance law. From formulating case strategy to determining settlement vs. litigation, these leaders offer expertise on drafting insurance policies, analyzing coverage, and assessing regulations. These top experts offer a clear understanding for the many components of insurance law involving regulatory filings, corporate merger agreements, employee claims, the appeals process, and reinsurance issues. Additionally, these top lawyers give tips on the importance of evaluating documentation, decoding insurance polices, and understanding the impact of financial implications.
Download or read book Minimizing Insurance Liability written by Aspatore Books and published by . This book was released on 2009 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Minimizing Insurance Liability is an authoritative, insiders perspective on best practices for insurance companies and lawyers when attempting to mitigate insurance liability. Featuring partners and shareholders from some of the nations leading law firms, these experts guide the reader through the state and federal regulations that apply to insurance law and liability. These top lawyers reveal their advice on evaluating a companys exposure, drafting an insurance agreement, completing risk analysis when denying a claim, and obtaining the key documents necessary in claim denials. From providing agents with the training they need to maintain an appropriate level of communication and professionalism to matching agents with venues and claim types based on experience, these authors recommend the various practices that should be implemented by insurance companies to help minimize liability. \The different niches represented and the breadth of perspectives presented enable readers to get inside some of the great legal minds of today, as these experienced lawyers offer up their thoughts around the keys to success within this ever-evolving area of law.
Download or read book AI for Insurance written by Rakesh Kumar and published by Independently Published. This book was released on 2024-05-04 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In an age where technology is revolutionizing industries at an unprecedented pace, the insurance sector stands at the forefront of transformation. The integration of Artificial Intelligence (AI) into the insurance landscape heralds a new era of innovation, efficiency, and personalized customer experiences. From claims processing to risk assessment, customer service to pricing optimization, AI-powered solutions are reshaping every aspect of the insurance industry. This book delves into the dynamic intersection of AI and insurance, exploring how advanced technologies are driving significant advancements and redefining traditional practices. Through a multitude of case studies, we embark on a journey to uncover the transformative power of AI in addressing key challenges faced by insurance companies. Each case study featured within these pages offers a unique insight into the application of AI across various domains within the insurance sector. From fraud detection to customer retention, policy recommendation to risk management, these real-world examples illuminate the diverse ways in which AI is enhancing operational efficiency, mitigating risks, and delivering superior value to insurers and policyholders alike. By delving into these case studies, readers will gain a comprehensive understanding of how AI is revolutionizing the insurance landscape. Whether you are an industry professional seeking insights into the latest trends and best practices or an AI enthusiast intrigued by its applications in insurance, this book serves as a valuable resource for exploring the limitless possibilities that AI offers to the insurance industry. Join us as we unravel the transformative potential of AI for insurance, charting a course towards a future where innovation and technology converge to create unparalleled value for insurers, customers, and stakeholders alike.
Download or read book Care Without Coverage written by Institute of Medicine and published by National Academies Press. This book was released on 2002-06-20 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many Americans believe that people who lack health insurance somehow get the care they really need. Care Without Coverage examines the real consequences for adults who lack health insurance. The study presents findings in the areas of prevention and screening, cancer, chronic illness, hospital-based care, and general health status. The committee looked at the consequences of being uninsured for people suffering from cancer, diabetes, HIV infection and AIDS, heart and kidney disease, mental illness, traumatic injuries, and heart attacks. It focused on the roughly 30 million-one in seven-working-age Americans without health insurance. This group does not include the population over 65 that is covered by Medicare or the nearly 10 million children who are uninsured in this country. The main findings of the report are that working-age Americans without health insurance are more likely to receive too little medical care and receive it too late; be sicker and die sooner; and receive poorer care when they are in the hospital, even for acute situations like a motor vehicle crash.
