Saad Car Insurance Company

1. 10/5/2015
Introduction to
Management
Mam Sania Khalid
M Saad Iqbal
SP13-BTY-006

2. 2
Saad Car Insurance Company
Insurers who deliver on promises
keep moving to the next higher level
Objective
If's objective is to establish better long-term customer satisfaction and profitability
than the competitors, and have a high level of creditworthiness.
Requirements
Firstly, I Obtain property and casualty insurance license from my country.
• Most states require to complete a pre-licensing course with an accredited
insurance education company, after which one must pass a state exam.
• In most countries, the pre-requisite for enrolling in an insurance pre-licensing
course is that one has a bachelor's or compatible degree.
Then construct a business plan for my car insurance company in which I outline
how you'll attract customers, which insurance carriers I’ll work with, and what
my start-up costs are, as well as my projected income for the first 2 years.
Raise the investment capital I need to start a car insurance company.
• If one starting a car insurance company as a second job, he might be able to
finance their start up from his own savings or credit.
• If one planning to run his car insurance company as a full-time job, he will
raise a loan from bank or funds from private investors.
Register my company with my city to obtain a business license.
Choose a location for my car insurance company.
• Even if one is planning to drive to customers himself to meet them, he'll need
a quiet place in your home where you can take calls, fill out your paperwork,
and manage your business.
• If one wants an office where customers can come to him, make sure to choose
office space that is accessible and visible.
Purchase liability and property insurance for my car insurance company to
protect me from property losses.

3. 3
Determine which insurance carriers I want to work with and which car
insurance policies I want to sell.
• The more policies one have, the more choices he can offer clients.
• Most big insurance carriers offer liability insurance, collision insurance, and
comprehensive insurance, as well as multi-car insurance policies and umbrella
policies.
• Investigate whether one want to sell insurance for special niches, such as
vintage car insurance, motorcycle insurance, and RV insurance.
Market my car insurance company by advertising in local publications, at the
driving schools, DMV and online.
Managerial Role in my Organization.
Role as Chief Executive
Leader
• Advises the Board
• Promotes organization and stakeholder change related to organization mission
• Supports motivation of employees in organization programs and operations
Information Bearer
• Ensures staff and Board have sufficient and up-to-date information
• Looks to the future for change opportunities
• Interfaces between organization and community
Decision Maker
• Formulates policies and planning recommendations to the Board
• Decides or guides courses of action in operations by staff
Manager
• Manages human resources of organization
• Manages financial and physical resources
Board Developer
• Assists in the selection and evaluation of board members
•
Responsibilities of Chief Executive Officer
Board Administration and Support
Supports operations and administration of Board by advising and informing Board
members, interfacing between Board and staff, and supporting Board's evaluation of
chief executive.

4. 4
Program, Product and Service Delivery
Marketing, promotion, delivery and quality of programs and services.
Financial, Tax, Risk and Facilities Management
Recommends yearly budget for Board approval and prudently manages organization's
resources within those budget guidelines according to current laws and regulations.
Human Resource Management
Effectively manages the human resources of the organization according to authorized
personnel policies and procedures that fully conform to current laws and regulations
Retain leadership position in the market
Pursue continuous improvement and technological advancement
Enhance corporate capabilities and motivation through skill enhancement,
management development and reward programs
Strategy Development
In order for a business to achieve success, goals must be set. While the primary goal is
always the continuous generation of revenue, the goals developed and implemented
encompass many areas in addition to sales. of making these decisions independently.
Performance Management
As an organization conducts its business, regularly reviews its performance. In many
instances, reviews are conducted through face-to-face meetings with each direct
report, such as the vice president of sales and the vice president of media relations.
Public Relations
Serves as the face of her organization. In additional to addressing the internal
community through interoffice memorandums and corporate newsletters, she
represents her firm throughout the external community.
END