Progressive Insurance Business Plan

Progressive Insurance Business Plan
Progressive is one of the largest car insurance providers. It offers its services through a internet or by phone and it is well known . Progressive is a
company that offers auto, home and renters, motorcycle, rv/trailer, and even more types of insurance. Trying to stay one step ahead of all the other
insurance providers, progressive wants to find new and affordable insurance solutions for its customers. Progressive core values or vision is to provide
customers with services that will reduce the economic cost and trauma that comes along with automobile accidents. Progressive operates in three
different segments. These three different segments are personal lines, commercial auto, and other –indemnity. It also provides insurance–related services
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The Business Environment At Canadian Shield Insurance
The business environment at Canadian Shield Insurance suggests that it belongs to the "Responsive Solution Providers" group in the Accenture IT
Governance Model, which is characterized by a more rapid rate of change and competitive advantage derived from operational efficiency. The insurance
industry constantly has to adjust to new government regulations and stipulations that affect many business processes and systems. One major issue
with the current ALPHA system is the complexity involved in making modifications to the system whenever new regulations were put into place. In
addition, the "sustainability for Canadian insurance companies [is] greatly depended on investments in projects that increased customer service and
improved operational efficiency" (Stacey). Insurance companies can gain competitive advantages over others by being efficiently superior, having a
lower cost structure, and providing better service to customers. Seamus believes that a new information system will be essential to helping the company
achieve this. Unfortunately, the new internal information system, ISS, had already consumed an immense amount of time and money, making
decisions going forward that much more challenging. Decision Rights Seamus holds some of responsibility of making a decision regarding Canadian
Shield's IT system options, but also shares decision rights with the head office (Assurance Centrale) since they have invested in Canadian Shield's IS
team to develop a enterprise–wide

General Business Liability Insurance
Imagine what would happen if someone would trip over a display and break a leg while inside your grocery store. Also think what could happen if
the heating system your workers installed in someone's house quit working on the coldest day of winter, or if a major fire would burn a large
portion the clothing in your sporting goods store . You would be protected in each of the incidents, from possible lawsuits, and the damages you
might incur from a disaster, if your small or large business has business liability insurance. Why you need it: Business liability insurance, also known
as general business liability insurance or commercial general business liability will pay for medical costs, such as emergency room stays or
ambulances, or other... Show more content on Helpwriting.net ...
This is because the risk of a building contractor being responsible for someone being injured is greater, and when this happens, damages are
typically more. As an example, medical costs for an injury might be $200,000 to $300,000, and legal fees could total more than $100,000. If your
coverage is for only $300,000, you might owe from $50,000 to $100,000 out–of pocket. This is why someone with a higher risk of owing expensive
damages who has business liability insurance might want to also add umbrella coverage or excess insurance, while a web designer might not need
as much insurance. Business liability insurance also protects you against other types of clams against your company: Copyright infringement.
Someone can owe from $200 to $150,000 for each work infringed. Advertising injures. This could include damages caused by slander, libel, and
invasion of privacy. Reputation damages. In this type of claim, someone might sue you, claiming his or her character was damaged and you defamed
his character. You could be responsible for compensatory damages, punitive damages and assumed damages, or damages a plaintive is assumed to
have suffered if his reputation has been damaged, or if he has experienced mortification or shame as a result of something you have

Protection Regulatory And Development Authority
The protection division in India has finished a full circle from an open aggressive business to nationalization and afterward back to changed open
business. LIC of India has been the observer of the whole change starting with one stage then onto the next. In 2000, when Insurance Regulatory and
Development Authority (IRDA) was situated up in India, 23 more private disaster protection organizations entered till date into the Indian market other
than one current open extra security administrator LIC of India. The table incorporates the whole development
Table1: Total number of lifeinsurance companies operating in India since 2000
YearsPublic SectorPrivate SectorTotal
200111011
200211213
200311213
200411314
200511415
200611516
200711718
200812122
200912223
201012223
201112324
201212324
Source: Annual reports of IRDA 2000–2001 to 2011–2012
Protection Regulatory and Development Authority (I.R.D.A.) come into capacity on nineteenth April, 1999 as a self–sufficient body in the life
coverage area in India. The principle goal of IRDA is to manage and register the life coverage organizations working in India. In January 2000, it
embraced three–pronged business techniques for business, which included diminishment in premiums, higher returns and presentation of new items. It
likewise tied up with ICICI Bank, HDFC Bank, UTI Bank and Bank of Punjab to straightforwardly dispatch clients ' strategy premiums and charge their
recordsafter the exchange.

Advantages And Disadvantages Of Motor Insurance
ii.Motor Insurance
Motor insurance as a compulsory class of inurance that must be offered by TMIM to give the protection against the owner's vehicle for private
car, commercial vehicle, motorcycle and motor trade policy (Road Risk). The policy indemnify into three different coverage that is comprehensive
cover by towing and emergency roadside repairs for the damaged vehicle up to RM 200, third party fire and theft cover by giving protection against
liabilities to other parties for injury or death and damage to other partie's property and third party cover by giving protection to other parties against
liabilities, damage of property and also fire damage to vehicle's owners or theft of vehicle's owner. The clients who purchased this plan may subject to
additional premium matter for extra cover.For example, additional named driver for one vehicle insured.
Recently, Tokio Marine have offered vehicle protection package such as... Show more content on Helpwriting.net ...
Foreign Worker Hospitalization & SurgicalInsurance Scheme
This is a yearly renewable scheme that designed by TMIM to reduce the financial burden of the employer of foreign workers in the event of hospital
admission of workers to a Non–Corporatised Malaysian Government Hospital due to an accident or illness. The premium and benefits will be changed
by the TMIM and the clients must review this from time to time. Recently, this plan offered annual limit up to RM 10,000 per insured person with the
annual premium RM 120 per insured person. iv. Property Insurance/Fire Insurance
The property or fire insurance prepared by Tokio Marine such as homeowners and householders insurance as a regulated class of insurance business that
give protection against loss or damage to the buildings or contents due to fire, explosion, bursting of domestic water tanks, theft, earthquake and to
cover more other contingencies if extended.
v.MISC Insurance
Miscellaneous for personal insurance also provided for home partner and also for the golfer.
a.Home

Business Insurance Failure
Have you made any of these common mistakes made when filing a business insurance claim? Your insurance, whether general liability, product
liability, professional liability, or commercial property, is designed to protect your business from a number of different types of claims. Going through
some type of big financial loss, whether from a natural disaster or some other kind, can be chaotic and cause a business owner to make a mistake
when dealing with his insurance company. Such mistakes can delay reimbursement or keep your insurance from paying you at all.
You can suffer big financial losses for a number of reasons, and your insurance can protect you when the loss happens. A big mistake can be
devastating. For example, your commercial property ... Show more content on Helpwriting.net ...
A policy may have perils you don't know about. It is best to do this before you need to make a claim, so you can invest in an add–on policy, to be
certain you are covered in specific situations. For example, while many natural disasters are covered by basic insurance policies, you may not be
covered after an earthquake. If you live in an earthquake–prone state, this coverage often must be obtained in a rider or second policy. Flood insurance
is provided only through the National Flood Insurance Program. Not appealing a low–ball estimate made by an insurance company after a claim. If you
believe an estimate is too low, you have a right to appeal. If necessary, you should hire your own adjuster to make a second estimate. Often, an
impartial third–party mediator will be hired to make the final decision on how much you should be paid. Depending too heaving on the Federal
Emergency Management Agency (FEMA) for help. Just ask any survivor of Hurricane Katrina how fast he or she received help from the government
for his home or business after that disaster. You may be entitled to help from the government, but your private insurance will probably provide help the
fastest, so you can reopen before you lose all your

Case Study : Organization Theory Project
Gauvin_MGT 326: Organization Theory Project
I have chosen to use the company I work for, The Hartford, as the company I will be studying for the Project portion of this class.
The Hartford is an Insurance/Financial Services company that was established in 1810 primarily as a Fire Insurance carrier. Throughout its history, The
Hartford has issued policies to the political figures such as Robert E. Lee and Abraham Lincoln as well as to notable celebrities such as Babe Ruth.
As the company evolved, so did the products and services it offered. These products have varied and include Life, Home and Auto Insurance, Mutual
Funds, Annuities as well as Group Benefits such as Short and Long Term Disability and Workman?s Compensation Insurance.
The Hartford is not only recognized for the products and services it provides, but also for its involvement in the community, the treatment of its
employees/customers and its commitment to the environment. The Hartford is a founding partner for the U.S Paralympics, has been named one of the
World?s Most Ethical companies five times by the Ethisphere Institute and has been recognized by both the EPA and the Dow Jones Sustainability
Index for its investment in companies who adopt sustainable best practices. (?The Hartford History?, n.d.)
The Hartford?s vision is to be an exceptional company celebrated for financial performance, character and customer value. This vision is further
clarified in its mission statement: The Hartford is in

A Brief Note On The Group Inc.
Radian Group Inc., through its subsidiaries, provides mortgage and real estate products and services in the United States. It operates through two
segments, Mortgage Insurance, and Mortgage and Real Estate Services (MRES). The Mortgage Insurance segment provides credit–related insurance
coverage, principally through private mortgage insurance that protects mortgage lenders from all or a portion of default–related losses on residential
mortgage loans made to home buyers, as well as facilitates the sale of these mortgage loans in the secondary mortgage market. It offers primary
mortgage insurance coverage on residential first–liens. This segment primarily serves mortgage bankers, mortgage brokers, commercial banks, savings
institutions, ... Show more content on Helpwriting.net ...
They plan to increase their revenue by offering Clayton's services, which include loan review, surveillance, real estate management, as well as other
services focusing on the single family rental market.
On December 23rd, Radian Group discontinued the operation of one of their subsidiaries, Radian Asset Assurance, and began the process of selling
it. The sale of Radian Asset Assurance was a strategic sale to allow Radian Group to be able to comply with new capital requirements expected to be
imposed during 2015.
The insurance industry, as a whole, has seen an increase in M&A transactions since 2013. Property and Casualty firms have not seen the same levels of
activity, partly due to hesitant buyers concerned with the smaller than expected rate increases among insurers.
Changes in Capital Structure
Radian Group issued new shares of common stock in 2013 and 2014. This issuance increased their shares outstanding by 57,407 to 191,054 at the end
of 2014.
Radian Group has also issued a series of Senior Notes over the past five years. Senior Notes with interest rates varying from 5.375% to 9% are due at
various intervals from 2013 to 2019.
Key Points from Management's Discussion (2014 10–K)
Operating Environment
Macroeconomic conditions such as the housing and credit market downturns can affect Radian's financial performance. The operating environment for
Radian's mortgage insurance business has improved recently, resulting

Statistical And Descriptive Methods For Solving Business...
Business problems can be researched by using descriptive statistical and inferential methods. Data collection instruments and various sampling methods
are essential tools for business research. This paper will discuss use of inferential and descriptive methods for solving business problems within
insurance.
"Descriptive statistics are used to describe the basic features of the data in a study...which provide summaries about the sample and the measures. With
descriptive statistics you are simply describing what is or what the data show and present quantitative description in a manageable form." (William, M.
K., 2006).
Inferential statistics is the process of making conclusions and premonitions about the population from your observations ... Show more content on
Helpwriting.net ...
Scatter plots is a graph of points that are plotted to illustrate the relation between two different sets of data. They investigate any relation amongst
variables within the same event.
Simple linear regression allows you to predict scores on one variable to the scores on a second variable. It uses one independent variable to describe
the relation of the independent and dependant variable as a line.
Multiple regressions are learning about the independent and dependent variables relationship between each other. It enables you to predict the value
that is unknown from two or more variables. It assists with the prediction of the value of Y.
Non–linear regression is an analysis where observational data is formed by different functions, then are shared and depend on independent variables.
The strengths of the sampling approach include: Data collection is important to research study because they reveal results and impact valuation.
Descriptive statistics are ideally used to describe how data is allocated and the design of a sample. Central tendency, mode, median and mean are used
to determine the number of policies sold per month and the calendar month the policy was sold in. The data reveals the annual average and the median,
which is the greater than the average indicates the lower performing months, that impact performance versus the high performance months. The
distribution of policies

Business Analysis : Westland Insurance
Business Analysis 1 Business Analysis W C Patten University– MGT303 Business Analysis 2 Westland Insurance is an emerging insurance brokerage
in British Columbia. It is a well–known, rapidly expanding company, home to many dedicated staff and clients. Westland's organizational culture,
leadership, mission, and strategy are all partly responsible for its success, as well as its various weaknesses. Though branches at Westland are
managed by very different types of people with different managing styles, all managers have some guidelines in order to establish a relatively standard
workspace. Managers are rather laissez–faire, but are able to help employees upon their requests. Tasks are delegated, but aside from walk–in clients,
after an employee is finished his or her tasks, he or she is rather free to do what he or she pleases – as long as it is not obstructive to others or the work
environment itself. Thus employee interaction is rather friendly and many employees help each other. For example, if one employee has been sick
and is behind on his or her work, fellow employees generally come to the rescue and help catch him or her up. This creates a strong team atmosphere
where employees know they can depend on each other. A strong self–managing team atmosphere is conducive to employee productivity and motivation
(Barker, 1993). However, this team atmosphere, while certainly beneficial overall, is not without its pitfalls. According to Karau and Williams (1993),
"social loafing

Challenges and Opportunities of the Global Insurance Industry
Introduction
The global insurance industry seems to have escaped the worst of the financial crisis in comparison to other financial institutions. Day to day business
has been relatively unaffected but the area that gave the most cause for concern has arisen from exposures to risky financial instruments. "The
Reactions Magazine's Global Insurance Conference 2009" was held in Swissotel, Zurich, Switzerland. At this conference the financial services industry
tried to re set itself following the worst crisis for years. (www.euromoneyseminars.com). Insurance is an established industry. Like other companies
insurance is facing increased competition from global players. It has been difficult for insurers to accomplish profitable growth, so ... Show more
content on Helpwriting.net ...
Natural disasters like hurricanes Katrina and Rita whose losses amounted to $61.5 billion (www.duncansadviceonmmoney.vox.com) These disasters
posed some very serious problems for the insurance industry as they are faced by difficult and uncertain financial burdens because of this this has
shown the importance of quality data and calibration of model outputs, effective validation and also the experience and initiation of the underwriter.
Structures will have to be put in place to tackle the threat of climate change. The development of Enterprise Risk Management (ERM) capabilities help
to protect insurers from damages to their reputation and provide a platform for strengthening governance, decision making and compliance with
regulations. Pricewaterhouse– Coopeus (ERM for the insurance industry) revealed that many insurers have difficulty implementing and enforcing ERM
in the face of containing data, systems and governance challenges. Also found in this study were examples of how resourceful and efficient
management and helping to overcome these hurdles and bring greater insight to the insurers ERM missions. (www.pwc.com)
1.3 Market Reporting
Insurers are facing a major overhaul of market reporting. This contains the launch of the market Casistent Embedded Value Principle, a planned move
to a finalised IFRS level for insurance contracts and the increased risk and capital management disclosure foreseen by EU Solvency II "Scheduled for

India 's Growth Of Insurance Business
Growth of Insurance Business in India
History of Insurance Business
In Ancient World
Insurance has been an institution of human society for thousands of years, having been by Chinese and Babylonian traders as long ago as the second
millennium BC. The Babylonian developed a system which was recorded in the famous Code of Hammurabi C. 1750 BC, and practiced by early
Mediterranean sailing merchants. If a merchant receives a loan to fund his shipment, he would pay the lender an additional sum in exchange for the
lender's guarantee to cancel the loan should the shipment be stolen.
The first written insurance policy appeared in ancient times on a Babylonian obelisk monument with the Code of King Hammurabi carved into it. The
'Hammurabi Code' ... Show more content on Helpwriting.net ...
If a master were robbed, the guild would cover his obligations until money started to flow in again. If a master were suddenly disabled or killed, the
guild would support him or his widow and family. This safety net encouraged more and more people to leave farming and take up trades. The style of
insurance used by guilds is found in the form of 'group coverage'.
Insurance in India
Life Insurance
In India, even from the days of Indus Valley civilization, the provision of taking care of the dependents of those dying was practiced. Further, the
concept of joint family system in itself is a method of taking care of the dependents of those who die prematurely. In Manu – Manav Dharma Shasthra
– there are mentions about taking care of the dependents of those dying as also taking care of people during old age. The term 'Yogakshema' is found
in Rig Veda thereby indicating the existence of some type of joint family system even 300 years ago. In the times of Buddha, mention about the
existence of 'Burial System' is available, thereby indicating the concept of mutual welfare, which is nothing but the Life Insurance in action.
With the establishment of the Oriental Life Insurance Company, a British firm in Kolkata, the business of Indian insurance started in the year 1818.
Later on, Bombay Mutual Assurance Society Limited was started in 1870, following by Oriental Life Assurance Company, Bharat, Empire of India in
1894, 1896 and 1897 respectively.
Insurance sector was

Business Analysis: Seabright Insurance Company
Effective February 7, 2013, SeaBright Insurance Company ("Seabright"), a Seattle–based insurance company specializing in workers compensation,
entered into run–off. In 2012, Enstar Group Limited ("Enstar"), a run–off specialist, purchased SeaBright. SeaBright continues to manage existing
claims but no longer writes new or renewal business, which means that premium activity has slowed down. In 2015, a major change occurred when all
of SeaBright's net liabilities (i.e. loss reserves associated with its prior workers comp business) were shifted to an Enstar affiliate, Clarendon National
Insurance Company, through a reinsurance agreement. Circumstances that led the company to run–off: SeaBright was placed into run–off driven by
weakened underwriting performance associated with reserve strengthening actions for accident years 2007 through 2009, primarily related to
increasing medical cost trends. Additionally, SeaBright was facing marketplace challenges associated with its geographic and coverage lines
expansion. Seabright has had to deal with significant pressure from its workers comp book developing adversely year–over–year and having to
liquidate investments to satisfy claims and expenses. The reinsurance contract with Clarendon did provide major relief but SeaBright still remains a
going concern and without premiums coming in and asset base rapidly shrinking, its solvency status as an insurance company remains questionable.
The key now is to track the level of credit risk

The Business Strategy Of Holding Corporation For The...
Section One: Back ground information
Metlife ,lnc( NYSE: MET) is a New York based life insurance company, holding corporation for the Metropolitan Life Insurance Company and its
affiliates. Today Metlife is around the largest provider of insurance worldwide and its business has been launched among over 60 countries and benefits
about 90 million customers. Meanwhile the company holds a top life insurance market shares in the United States, Japan, Latin America, Asia, Europe
and the Middle East. MetLife counts over 90 of the top one hundred FORTUNE 500В® companies among its corporate clients and is the largest life
insurer in the U.S. and Mexico.
Predecessor of Metlife, which named National Union Life and Limb Insurance Company was organized ... Show more content on Helpwriting.net ...
In the scenario, a more complete systematic and effective ERM system may be able to bring the company more risk protection.
Section Two: Risk identification and assessment
Operational Risk: Internal/External fraud
The operational risk is a kind of risk that from occurring of inadequate or failed internal processes, people and systems, or from external events which
makes the actual loss or gain differ from expected loss or gain. Operational risk is closely associated with management which also contains other kinds
of risks like privacy protection, fraud, environmental risk etc. An efficient and rigorous management can reduce operational risk to a large degree while
the risk may effect customer satisfaction, company reputation and share price. With the trend of global business, the proper management of operational
risk is needed.
Specifically, Metlife is such a large multinational insurance company which means it is facing the most severe test than ever before. And here, we
primarily consider of internal and external fraud.
The internal risk is primarily from the unsound financial system and operation supervision. The staff take advantage of his position individually,
collude with colleagues or outsiders to join illegal operations, misappropriation of funds or insurance fraud. And

The Insurance Industry and Business Ethics
Erik Cohen Business Ethics 26 September 2011 The Insurance Industry and Business Ethics The Insurance industry is a perfect example of the use of
"grey areas" in the culture of business ethics in the United States. Within my research and years of experience in the field of insurance the use of
business ethics couldn't be of greater importance then the companies that provide the actual policies themselves. Even with all of the regulations the
Insurance Department puts on the insurance companies, agents, brokers, and adjusters there are still areas where discrepancies in the code of business
practices exist. I will explain some of the insurance company's ways of motivation, monetary compensation, underwriting rules,... Show more content
on Helpwriting.net ...
Furthermore, the Department is in charge of approving corporate formations, mergers, and consolidations. There are many different parts of the
insurance industry and insurance companies, but I will focus on the sales portion and the business ethics that encompass it. There are three kinds of
insurance sales professionals: Insurance Managing General Agents, Insurance Brokers, and Insurance Agents. The Insurance Managing General Agent
is defined legally as "an individual or business entity appointed by an insurer to solicit applications from agents for insurance contracts or to negotiate
insurance contracts on behalf of an insurer and, if authorized to do so by an insurer, to effectuate and countersign insurance contracts." (Commission)
An Insurance Broker can offer multiple insurance products from multiple insurance carriers. Brokers are required to have a broker's license which
usually means the broker will have more education or experience than an agent. "Brokers also have a higher duty, in most states, to their clients.
Brokers have the duty to analyze a business and secure correct and adequate coverage for the business. This is a higher duty than the pure
administrative duty of the agent." (Boop) Brokers normally charge an administrative fee or a "2119c fee" when purchasing a policy through them. An
Insurance Agent is an insurance professional that serves as a middle–man

The Deregulation Of The Insurance Industry Essay
INTRODUCTION
Life insurance is a form of insurance that pays monetary proceeds upon the death of the insured covered in the policy. Essentially, a life insurance
policy is a contract between the named insured and the insurance company wherein the insurance company agrees to pay an agreed sum of money to
the insured 's beneficiary. With a large population and the untapped market areainsurance happens to be a very big opportunity in India. Today it stands
as a business growing at the rate of 15–20% annually. Together with banking services, it adds about 7 percent to the country's GDP. In spite of all this,
the growth statistics of the penetration of the insurance in the country is very poor. Nearly 80% of Indian population is without life and health
insurance cover. This is an indicator that growth potential for the insurance sector is immense in India. It was due to this immense growth that the
regulations were introduced in the insurance sector and in continuation "Malhotra Committee" was constituted by the government in 1993 to examine
the various aspects of the industry. The key element of the reform process was participation of overseas insurance companies with 26% capital.
Creating a more competitive financial system suitable for the requirements of the economy was the main idea behind this reform.
CLASSIFICATION OF INSURANCE
The insurance industry in India can broadly classified in two parts. They are.
1) Life insurance.
2) Non–life (general) insurance.
LIFE

Implications of Fdi in Insurance Sector in India
Implications of FDI in Insurance
To study the impact of FDI in insurance we first look at the how the Indian insurance sector has evolved over the years. Indian insurance sector has
experienced different phases from being an open competitive market to being nationalized and back to deregulation. The Indian insurance story began
in India in the year 1818 with the establishment of the Oriental Life Insurance Company in Kolkata. In the year 1912 the Indian Life Insurance
Companies Act came into existence and laid out policies and procedures to control insurance business in country. It was later amended in 1938 to
protect the public. The major change came in 1956 when the central government 245 private insurers and formed the Life Insurance ... Show more
Why Indian Insurance sector is attractive to Foreign Direct Investors?
Every industry has a unique market structure and it is considered that the relationship between openness to foreign investment and market structure is
complex. Caves, R E (1996) states that there are empirical evidences which show the positive relationship between the extent of foreign investment and
the degree of market concentration. It could be said that foreign investment is being attracted by industries with high concentration and high
profitability. The short–run effect of foreign entry is to increase the number of firms and reduce concentration. After the reforms of 1999 FDI was
allowed and the bar was set at 26% which did not really attract FDI as most big MNCs look for more decision making power. On the contrary, the FDI
limit in the insurance sector is higher not only in other BRIC nations but also in other Asian countries such as Japan, Korea, Indonesia and Malaysia, in
comparison to India's 26%, which was a further disincentive for foreign investors to invest in India. In spite of that, India has an immense and almost
untapped potential market for insurers, and is a highly attractive investment destination for foreign investors. The rise of the educated middle class
promises sustaining growth opportunities for the industry to start with. Further, the presence of IRDA as a competent regulatory body promotes the
interest of the insurers. Beyond this lies the immense potential at the bottom

Car Insurance In Canada
Newcomer's Guide to Buying Car Insurance in Canada
Car insurance is among those things that every person requires and everybody wish to spend less for. Rates for car insurance can often change, so the
insurance company that gave you the best rate in earlier times, may no longer give you the best rate nowadays, therefore, the most effective way to
pick the best for you is to shop around.
Some facts you need to know about Car Insurance in Canada
Wherever you reside in Canada, you will need to have auto insurance, and although every province and territory determines unique required minimum
insurance coverages, you can find many similarities in Canada about Canadian car insurance in general.
The driving record will affect your car insurance premium. ... Show more content on Helpwriting.net ...
Intact Financial Corporation is a Canadian insurance company, previously the ING Group subsidiary ING Canada. This company is one of the
Canada's most trusted providers of property and casualty insurance (auto, home and business, so it takes a 17% of the Canadian market). Also, it serves
the private, public and commercial (snowmobiles and trucks) vehicle market, plus it covers vandalism and theft, and also offers other forms of business
insurance.
6. Desjardins Insurance is a trademark, the property of Desjardins General Insurance Group Inc., and a registered business name used by its subsidiary
Certas Direct Insurance Company to sell auto and home insurance products in Ontario and Alberta.
Desjardins General Insurance Group (DGIG) is among the biggest and the most successful insurance companies in Canada, and have one of the greatest
customer service ratings in the insurance industry.
They have been meeting the home and auto insurance demands of Canadians for more than 60 years.
7. TD Insurance is part of the TD Bank Group, one of Canada's largest financial services

Essay International Marketing Entry Strategy- Westp
Westpac B a n k i n g Corporation
International Marketing Entry Strategy
Report prepared by: Jean Diaz
Due date: 09/06/2011
La Trobe University– Bendigo
Semester 2
Table of Contents
Executive summary Introduction Company and product background
Provide an analysis of the business and product performance Company objectives and corporate strategies What is the product and needs does it satisfy?
1 2 3 3 4 6 7 7 10 12 14 15 16 17 18 19 20 21
Country and product market attractiveness
Politico–legal, socio–cultural and demographic, economic, technological Product market analysis Competitive analysis
Buyer Analysis Opportunity statement Marketing ... Show more content on Helpwriting.net ...
Once again TOWER has continued its aggressive growth with total life insurance premium inп¬‚ows for the year ending September up 40.7% to $1.1
billion. Other life insurance companies that achieved signiп¬Ѓcant positive growth were AMP (20.3%), AIA (18.2%), OnePath (12.0%), National
Australia / MLC (11.4%) and BT / Westpac (10.2%). CommInsure continues to suffer falling premium inп¬‚ows, with a 7% drop for the 12 months

ending September to $1.14 billion. 1 Major players and insurance market share Companies name MLC Life Insurance CommInsure Life Insurance
OnePath Life Insurance Tower Life Insurance AIA Life Insurance AMP Life Insurance AXA Life Insurance . Asteron Life Insurance BT / Westpac
Life Insurance MetLife Life Insurance Market share 15.3% 12.5% 12.3% 12 % 8.8% 8.8% 7.6% 7.4% 4.9% 2.8%
Source: "Media Release Life Insurance Industry Results – September 2010, Plan For Life Pty Ltd"
1
http://www.ratedetective.com.au/insurance/life–insurance–premium–inп¬‚ows–year–ended–september–2010.htm 3
Westpac Banking Corporation entry strategy
Company objectives and corporate strategies
Company overview Westpac Banking Corporation –Westpac– began trading on 8 April, 1817 as the Bank of New South Wales with a single ofп¬Ѓce
in Macquarie Place, Sydney. In 1982, with the merger of the Commercial Bank of Australia, it changed its name to Westpac

Credit Insurance And Its Effect On People 's Lives
Credit Insurance
In today's world and age, businesses are what control the economy and businesses also have a tremendous effect on people's lives. With that being
said, every business has its ups and downs. In order to be safe, businesses should limit their risks as much as possible, and one way in which this can
be done is through credit insurance. Credit insurance is used by businesses all over the world, and it encompasses both commercial risks as well as
political risks. The overall goal of credit insurance for businesses is to protect the accounts receivable by allowing a business to obtain revenue for
what it sells. So what exactly is credit insurance, and what does credit insurance offer to a business that decides to invest in it? Credit insurance is a
policy that can be bought from an agency that offers the holder of the policy security for running business. This security holds as a guarantee against
non–payment for a product that a company sells and is owed, for a bad debt, or for a slow payment for all of the accounts receivable. Companies of
all sizes and from all regions of the world use credit insurance as a means of safety for their businesses. So for example, let us say that Company A
sells a product worth $1,000 to Company B, and Company B cannot fully pay Company A the owed money. The credit insurance policy that Company
A purchased then allows Company A to obtain the compensation to its accounts receivable. Company A then will in fact receive the money

Five Social Insurances and One Housing Fund
Five Social Insurances and One Housing Fund
Table of Content
Chapter 1: Introduction 3
Chapter 2: Successful of Shanghai in "Five social insurances one housing fund" 4
Chapter 3: Impacts on Employer 5
Chapter 4: Impacts on Employee 6
Chapter 5: Precautions of Human Resources Management 7
Reference 8
CHAPTER 1: INTRODUCTION
"Five social insurances and one housing fund" was established under Labor Act Chapter 9 Article 73. It is used to serve the purpose on maintaining
social harmony by protecting employee's benefits.
"Five social insurances" included endowment insurance, medical insurance, unemployment insurance, employment injury insurance and maternity
insurance . "One f und" is referred to h ousing p rovident f und. Endowment, ... Show more content on Helpwriting.net ...
Employees are also required to make contribution to some of them. "A Taiwaness enterprise in Shanghai reported the Law has increased its labour cost
on insurance participation by 50 percent",
1

Mr. MBA, "еЏ°е•†е…§ж†‚е¤–ж‚Ј з‡џйЃ‹гЂЊй™ёгЂЌйљње¤љ", 26 June 2012
which is mainly due to the extension of insurance coverage that leads to the rise in premium payment and related expenses. " In 2010, urban pension,
medical, unemployment, occupational injury and maternity insurance altogether recorded a person–time of 1.108 billion, 84 million more than that of
2009. The total income and expenditure of the National Social Insurance Fund reached RMB1.86 trillion and RMB1.48 trillion, increased by15.7% and
20.4% respectively when compared with those of 2009."
2
Professor Wang Yanzhong, Director, Labour and Socail Security Research Centre Chinese Academy of Social Science, "Prospects and Impacts of
Social Insurance Law Implementation", Road to China, Spring 2011
A significant part of the increased expenses came from the upsurge of enterprises' expenses which lowered competitiveness of enterprises as most of
the capital resource would constitute the main part of the payment system. Also, there were rise in the labour cost of enterprises, especially in those
labour–intensive ones, and thus employers may force to lay off workers or cut wages in order to keep the company alive.
However, in the long

A Team Of Qualified Insurance Agents And Drive Business...
Role description
To develop a team of qualified insurance agents and drive business through them.
Executive Summary
Remju Jayan is a fully qualified Insurance Sales Professional with more than 10 years of experience in handling agency sales. He is in the middle
east since 2011 and has become successful in his insurance career in the GCC market. He carries with him a competitive knowledge of Insurance
products, a wealth of experience in Recruitment of agents, training, handholding and motivating them and drive business through them. This experience
is priceless and makes him confident of setting up a competitive agency team for Metlife in Bahrain.
He will be focusing on recruitment of qualified agency in the first year (2016) to build a team of 8 agents .
Key Performing areas & Priorities :
The objectives in the first three years of the operation include :
1.To create a strong team of qualified agents of :
8 by the first year
15 by second year and
25 by third year
2.To develop a sustainable business that is profitable for the company, agents and the clients.
A FYP of more than USD 100,000 in the first year
A FYP of USD 250,000 by second year
A FYP of USD over half a Million by third year
Recruitment Plan :
Building an agency team
The success of a Sales Manager lies in the team he builds and the way he groom and mentor it. Since I am building a new team of agents, my primary
focus in the first year is on recruiting the right agents. This business

Weaknesses And Aspects Of A Insurance Business
Investigation
Scope
What activities does the business undertake?
The business undertake "insurance business". The business covers insurance of various things. The things that it covers is Money Insurance, Fire
Insurance, Golf Guard, Project Insurance, Personal Accident, Domestic Helper, Burglary, Houseowner Insurance, Family Guard, Motor Insurance,
Hole–In–One Insurance, Retail Guard, Contractor's All Risk, Food and Beverage Guard, Public Liability, Professional Indemnity, Goods in Transit,
Marine Cargo Insurance, Workmen Compensation, Employ Guard.
Size of Business?
This business consist of 1 Head Office, 4 branches and 2 Counter
The Head Office
The Head office is located in Kiarong/Kiulap. The address is at Unit No. A11, Block A, Bgn.... Show more content on Helpwriting.net ...
Mobile Phones are not used in the company, it is suggested for the company to use a mobile on the up to date software so if the staff can check info
and emails while on the go example is when the staff is working outside as a backup device where is needed.
Security software is quite good but the problem lies to the older OS used in the company as most security software will need newer OS as older OS
will be outdated and no security parch will be given also by Microsoft. Such OS is the Microsoft Windows XP SP3 being used on few PC's.
The security for this company is quite unsatisfactory this is because only the main office in kiarong have a security while other branches have no
security only locks. The main office uses a Digital Electronic/Code Keyless Keypad Security Entry Door Lock and a cctv system. What can be
improve is the other branch should also include a Digital Electronic/Code Keyless Keypad Security Entry Door Lock and a cctv system. Because if the
company do not do this an incident might happen and the branches will be

Business Case Study: Dencover Dental Insurance
Short Description
If you are suffering from dental problems, you surely need essential dental treatment, but there is no reason it should break your bank. Therefore,
Dencover is a dedicated company that offers superb value dental insurance to help you protect your teeth as well as budget, against increasing dental
fees. With a variety of plans to choose from, you can protect your teeth starting from just 20p per day. The plans include covers for x–rays, checkups
and hygienist visits, giving you the liberty to choose your dentist. The company also offers dental cover for the entire family. Whether you already
have a dental insurance or getting it for the first time, Dencover is an ultimate destination to protect your teeth. Also, use a discount code to save on your
... Show more content on Helpwriting.net ...
When started, the company realised that there is a lack of dental cover that shouldn't only be affordable but easy to understand too. Soon associating
with Unum Ltd and National Dental Plan Ltd, Dencover provides great value cover against dental fees to thousands of people throughout the UK. Their
dental insurance plans are designed to offer the cover you need, when you need, for the treatment you need.
Dencover offers various dental plans, all of which includes cover for checkups, hygienist visits and x–ray, 100% reimbursement for x–rays and
checkups, a freedom to choose your dentist, family dental cover to include up to 4 adults and 4 children, global A&E cover and many more that you
may not find at other insurers.
Protect Your Teeth Without Breaking Your Bank
While Dencover offers the most affordable dental insurance policies around, you can further save quite a bit of money with our latest insurance
voucher codes. Quickly go through the deals below to grab them before they run out of time.
Cover starting from ВЈ6 per month
Claim up to ВЈ12,000
Emergency claim up to

Selective Insurance And Risk Management Services
Executive Summary
Selective Insurance and Risk Management Services to be known as SIRM for short, will be formed as a sole proprietorship, independent insurance
agency owned and operated by Mark Bazari. This plan is written as a guide for financing, start–up and management of the new business and will serve
as the basis for measurement. The following is a summary of the main points of this plan.
The objectives of Selective Insurance and Risk Management Services will be a sustainable, ongoing business with goals of generating profits, achieving
manageable growth at a challenging rate while being a stable and accommodating asset to the local community.
The mission of Selective Insurance and Risk Management Services is to provide quality products and services offering as near perfect protection as
possible at the lowest possible cost.
The keys to success for SIRM are variety of business services and products, personal contact, excellent service and a reputation for honesty and
integrity.
The primary products offered will be personal lines and commercial lines business insurance and protection. Life insurance products will also be
offered for both individual and business purposes.
SIRM will initially offer products from select independent insurance carriers. As an independent agency, SIRM will represent some of the most
established and respected companies in the insurance industry. Some carriers considered to be contracted with would be primary carrier Erie

A Brief Note On The Insurance And Insurance Essay
Introduction
Insurance is am agreement between two parties in which one party promises to compensate for future losses in return for a reoccurring payment. It
protects an entity (such as an individual or company) against unexpected losses. Some forms of insurance are compulsory by law whilst others are
optional. An insurance policy is a contract between the insured and the insurer. In the case of a certain event, the insurer agrees to pay the insured a
lump sum of money in exchange for a monthly premium.
It is critical to insure your business. It ensures that you and your business are secure from any unexpected events. Business insurance protects your
bottom line, and therefore enables you to grow your business without the worry of an unplanned occurrence affecting revenue. South African insurance
companies offer comprehensive and unique insurance packages to business to suit individual needs. Types of Insurance
Compulsory Business Insurance:
Road Accident Fund (RAF): o Every vehicle owner contributes to this fund through a levy charged on fuel. The fund covers vehicle owners and
drivers in the event of a third party being killed or injured owing to the negligence of the driver. The fund pays for all medical expenses, any loss of
income as a result of the accident, as well as reparation for any due pain or disfiguration.
Unemployment insurance fund (UIF) o It is compulsory for employers, employees and the government to contribute to this fund. The contribution of

Case Study Of Birla Sun Life Insurance
Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for money. It is a form of risk management primarily
used to hedge against the risk of a contingent, uncertain loss. An insurer, or insurance carrier, is selling the insurance; the insured, or policyholder, is
the person or entity buying the insurance policy. The amount of money to be charged for a certain amount of insurance coverage is called the
premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.
The transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the
insurer's promise to compensate ... Show more content on Helpwriting.net ...
The author insists on the importance of life insurance and discusses on various strategies of life insurance.
Marketing of Life Insurance", (1987)10. This project was undertaken to examine the following aspects: Extent of life insurance coverage, awareness,
attitudes and beliefs of people on life insurance, perceptions, sense of identification of employees with Life Insurance Company. He concluded that LIC
is a better avenue of investment than bank deposits. LIC products are sold easily among the consumers on account of its reliability.
Rao, B.S.R. and Appa Rao Machiraju (1988)11 in their article entitled "Life Insurance and Emerging Trends in Financial Services Market", contends
that the agents of life insurance should improve their services to the level of financial experts. The authors felt that the change in the economic scenario
would help the corporation in better services field.
Raghunadhan, R. (1988)12 in his article "Population – Insurable and Insured" made an attempt to analyze the insurance coverage of the insurable
population and concluded that more self employed and agricultural labourers are to be tapped. The author gave a suggestion to improve and introduce
new schemes to satisfy the

The Impact Of Information On The Business Industry
Information will always be a big factor in the business industry. Those who knows more will have advantage on others, and those who hide information
takes advantage of the situation to exploit. This uneven proportion of information, or asymmetric information has been a problem in many industries
for sustaining efficient operations and for customers to acquire products or services at a reasonable cost. One of the industries that have been
combating this information war is the "insurance market". Information is just another resource, but as any other resources it has a cost. Information
plays a big role when companies makes decisions. Therefore, information must be accurate and from credible sources. But, at the same time this
accuracy and credibility should be from customers to the insurance companies. It is normal for a company to profit and a customer to get more for the
money, but both side constantly trying to have the advantage could end in market failure. This causes information and the "insurance market" to lose
its purpose of both benefiting from each other or in proper economic terms, perfect information.
Insurance Market Today's "insurance market" has grown in a wider spectrum. There is insurance for almost everything. People can get insurance for
protecting their electronic devices, homes, vehicles, travel, loans and health. The most critical aspect for companies determining prices and strategies
for maximizing this insurance coverages is information. Companies,

Business Analysis : Australia, Insurance Australia Group (...
1. Introduction
A key enabler for an organisation to have direct communication with its customers is through its call centres. As many organisations make the decision
to offshore its call centre operations to countries such as India and the Philippines, due to the reduced labour and operations costs (IBISWorld). It is
vital for call centres domestically to operate efficiently, maximising the efforts of a highly labour intensive industry of skilled customer service agents.
Furthermore, it has been identified that customer behaviour is changing and there is a stronger desire to have a wider choice available, which leads to
the requirement to have a multi–channel offering, to which call centres will need to play an integral part (Dimension Data).
The objective of this paper is to address a strategic operation issue in the writer's organisation.
Firstly a background of the organisation and its strategy will be provided. Followed by an analysis of the operations issue identified.
2. Background of organisation
In Australia, Insurance Australia Group (IAG) distributes a range of personal and commercial insurance products, both directly to the customer and
indirectly through a network of intermediaries. IAG is a leading general insurer in Australia, represented by the Direct Insurance (DI) division, which
generated $4,545 million Gross Written Premium (GWP) in the 2014 financial year, which is 47% of the groups GWP (IAG, 2014). Direct Insurance
distributes general insurance

Introduction to Insurance Industry
1. Introduction to the Insurance Industry
Insurance and risk management make up an immense global industry. According to a survey conducted by a leading global insurance firm, Swiss Re,
worldwide insurance premiums totaled $4.270 trillion in 2008 (the latest data available), up about 6.3% from $4.061 trillion in 2007. This was equal
to about 6.18% of global GDP. Global lifeinsurance premiums were $2.79 trillion during 2007, while all other types of insurance totaled $1.78 trillion.
In America alone, the insurance business employed about 2.31 million people in 2008, and insurance gross premiums totaled $1.13 trillion, making the
U.S. the world's largest insurance market. For 2009, life, accident (including supplemental health) and ... Show more content on Helpwriting.net ...
The American government promised AIG up to $85 billion in loans in exchange for effective control of the firm and a change of topmanagement. That
need quickly grew to about $150 billion when AIG found it difficult to find buyers for assets and operating companies that it intends to sell. Over the
mid–term, AIG is refocusing, primarily as a U.S. property and casualty company. It will retain some strategic investments in foreign general insurance
and life insurance operations, but many of its overseas operations have been sold. The company lost nearly $100 billion in 2008.
2005, Hurricanes Katrina and Rita in the U.S. cost insurance underwriters vast amounts (damages, both insured and non–insured totaled about $58
billion) and created significant controversy over flood insurance in general. Many changes resulted, and insurance underwriters felt compelled to boost
rates for many types of insurance, especially in Gulf Coast markets. Despite predictions of damaging hurricane seasons for 2006 and 2007, large losses
did not occur, and underwriters earned fat profits. During 2008, hurricanes caused significant and costly damage in Louisiana and Texas. Recently,
much of each hurricane season's risk was sold by primary underwriters to hedge funds and reinsurers who buy portions of large, high–risk insurance
policies. This enables property & casualty

Business Analysis: Universal Whole Life Insurance Company
Insurance programs are set in place to grab the attention of applicants and current employees. How the employer does that depends on their
organizations mission. Human Resource managers play a major role in maintains a strategic focus in hiring and retention employees. They work hard
to secure the applicants and employees are an appropriate fit for the company. According to Dias (2011), a compensation plan includes all aspects of
how employees are rewarded for their work, such as pay, benefits, bonuses and 401K plans (p. 114). There are different types of insurance programs
for employers to consider when trying deciding what they want to add to their compensation and benefits package for their employees. Employers
recognize their employees ... Show more content on Helpwriting.net ...
This type of insurance is set in place to help employees when they are injured. Depending on the situation, the injury would cause the individual to
be determined as unable to work or may just lose time at work. The employee could spend weeks or months even in recovery. Disability is set in
place to cover the necessary bills and expenses accumulated before and after the injury, almost like having a form of income protection, to help the
alleviate stress and worry. According to Gluck (n.d.), disability coverage last from 12 to 18 months this will enable the employer sufficient time to
obtain an applicant capable of performing the required task and opportunity to them. Disability insurance is broken down into two terms: long term and
short term to meet the member's needs at that present

An Evaluation Of A Company 's Business Service
Due to the gaps in different types of insurance coverage's, it has become increasingly more difficult to decide which insurance best fits your business
needs. The Producer explained how an evaluation of a company 's business service, and sometimes contractual requirements, will determine the type of
insurance needed to protect their business. The types of insurance that was discussed during the time spent with the Producer is important to a business
during a financial loss. There are many different policy coverage forms.
After high school the Producer attended Missouri College, and obtained an
Associate 's Degree. Shortly after working for her current company she worked towards a Missouri Producer 's license to be able to write insurance
in the state of Missouri. During her career, further education is needed. The state of Missouri requires continuing education every two years in order to
renew her Producer 's License.
Her work load is about 50 accounts a day typically through email submissions. Her job duty includes, reviewing company web sites, entering
applications into the company system, and requesting additional information if necessary. Another part of her responsibility is the risk management of
an account which is the amount of experience a company has, plus how many years in business, and has there been any claims etc. Other obligations
she is responsible for are internal audits, state compliance issues, building relationships with customers, and other

Insurance Industry And Its Impact On The Economy
In today's world insurance plays a critical part in almost everything we do in society. So isn't a surprise that insurance plays a huge part in a countries
economy. In simple terms insurance allows people to participate in the economy by letting them produce goods and services without the fear of an
event or action that would leave them destitute or unable to keep doing business. On a less known level insurance also affects the economy of starts and
local economies. In addition to this one way, the insurance industry supports the economy is by being an employer. In the United States this industry
employers more than 2.5 million jobs varying in position and function. (Insurance Information Institute) Furthermore, the insurance companies support
the economy with their investments. By collecting funds and acting as intermediaries for providing insurance protection these companies have $5.1
trillion in assets which could be broken up into $1.5 trillion for property/casualty and $3.6 trillion for the life sector. (Insurance Information Institute) As
for the gross domestic product, the insurance industry's has contributed $421 billion in 2013. (Insurance Information Institute)
The insurance industry has the ability to drive economic progress in multiple ways. The first way as mention above is by being a major U.S
employer. With insurance being a growing and lucrative business every year more and more carriers are founded and operated. According to the
Bureau of Labor Statistics in

Auto Insurance Companies: The Cost Of Doing Business
One of the most frustrating things about shopping for auto insurance is comparing quotes across different companies. After all, if you try to purchase
the exact same coverage from two different carriers, you'd expect the price to be almost equal––much like buying a loaf of bread from two rival
supermarkets. Why, then, can your quotes be so dramatically different from one company to another?
The answer is actually quite simple. To understand why this phenomenon occurs, you need to understand how insurance companies do business and
how they calculate the risk of paying a premium.
Cost of Doing Business
One of the key determining factors in your auto insurance quote is the company's cost of doing business. Simply put, the process of offering insurance
coverage costs money. Agents need paychecks, customer service personnel need to be trained, and premiums constantly draw from the company's cash
reserves. They also need to show a modest profit. ... Show more content on Helpwriting.net ...
Also, the structure of the insurance organization can dramatically change their operating costs. For example, some insurance providers rely almost
entirely on the internet to solicit customers and provide service. Their operating costs are lower than a company with a more traditional structure.
The tool that insurance companies use to balance this complex financial equation is their premium. For example, with larger providers, a five million
dollar deficit could be remedied by raising every policy holder's auto insurance by a few dollars. Conversely, in a year of good fortune for the company,
they could lower their premiums and still show the required profit. Over time, these adjustments can create significant differences between competing
insurance companies.
Assessment of

Advantages Of Takaful
Takaful business was established based on Takaful Act 1984 as a guideline and reference for the operation of takaful to companies. According to the
Act, there are two groups of takaful business which are family solidarity business and general business. Family solidarity business concerns with
solidarity certificates that include any type of takaful business carried on as incidental only to the operator's other solidarity business while general
business is all takaful business which is not family solidarity business (Malaysia, Takaful Act 1984). Basically, the general takaful is same like
conventional insurance which focus on coverage against material loss and damage such as natural disasters while family takaful is more on life
insurance that ... Show more content on Helpwriting.net ...
Obstacles to achieve higher market penetration of takaful are because of lack of players, market awareness, lack of products, low capitalisation of
takaful companies, poor culture of consumer education and inconsistent messages from some Shariah advisories (Parker, 2006). Competitive
advantages of takaful are on the unique offerings and follow the Shariah compliance that should be utilised by the Malaysian takaful operators.
Research methodology used for this paper is on literature review on a few articles in the scope of takaful. The main focus on these articles is on the
marketing strategies that can be used to promote the takaful insurance by understanding the costumers' behaviours to create awareness. These analyses
are emphasised more on the family takaful insurance in the takaful industry.
Due to lack of awareness of Malaysians on takaful insurance and its products offerings and also low of market penetration, the best method is by
analysing the purchase intention and also participations behaviours of potential customers. Empirical researches have been conducted to investigate the
behaviours of these customers and further give recommendations to takaful operators and takaful marketers to conduct appropriate marketing plan to
these potential customers (Rahman,

Business Analysis of 20th Century Insurance Essay
Business Analysis of 20th Century Insurance
Table of Contents
History, Position, Targeted Market, Goals Page 3
Northridge Earthquake, Crisis Page 4
Comeback Kid, Results of PR Campaign Page 6
Developing a Crisis Plan, Page 7
Crisis Team, Milestones for Communication Page 8
Issues Page 9
Plan Approval, Anticipated competitive responses Page 11
Recommended press release Page 14
References Page 15
Appendix A ... Show more content on Helpwriting.net ...
They were exploring plans to expand their business by selling insurance in other states such as, Arizona, Nevada and Oregon. The company was also
looking at the idea of possibly changing the company's name, in light of the newly approaching 21st Century. However, all its plans for growth were
immediately put on hold due to the January 17, 1994, magnitude–6.7, Northridge Earthquake that cost the company over $1,065 billion.
The Northridge Earthquake The Northridge Earthquake was recently characterized as one of this nations' most costly disasters ever, as it has been 20th
Century's most costly and devastating in terms of its finances, reputation and survival. In the past five years since this catastrophic occurrence, 20th has
encountered near financial ruin, class action lawsuits filed by homeowners, name smearing and accusations of illegal business dealings made to the
press by their disgruntled claim's manager and a near take–over of the company by their financial savior Automobile Insurance Group (AIG). This
series of events could have been described by many as a Public Relations nightmare for the company, instead, 20th chose to look at it as their biggest
opportunity to do PR. Crisis
Physically violent acts of God, such as an earthquake are often times both hard to predict and prepare for. 20th's, Corporate Relations, Senior

Business Liability Insurance
Liability insurance is a way to protect your business against the effects of potential damage that your business can cause to other people or their
property. Let us say that somebody got injured or his property was damaged due to another person's business, that person can legally sue the owner
of the business. The owner would be held responsible for the harm that his business has caused. The definition for the word liability is as follows:
"Being legally responsible for something". When the legal responsibility is established, the owner of the business will have to pay compensation for
the harm that his business has done to a person or to their property. If the harm was an injury, the National Health Service can ask for compensation for
the costs of... Show more content on Helpwriting.net ...
This is because the possibility of younger drivers having accidents is much greater than a more experienced driver. Also the more power a car has is
greater the chances of an accident so the cost of the premium will be higher. The price of the premium also depends on the business sector that the
insurer is concentrated on as some firms specialize in particular sectors and can evaluate the risks more accurately. This way they will give better
offers, (usually a smaller premium), than to the more mainstream insurers. If the business has small or medium risk involved, the insurers will usually
have the standard rate applied to determine the cost of the premium. The insurer will use this rate to apply a factor that is determined by level of
activity taking place in that business. This involves looking at the turnover in public and product liability insurance or the company's employees
liability insurance. However, there may be some other factors in the process of the determination of the premium such as historical claims records and
experience and risk management procedures. If the business involves high risk, the price of the premium will probably be discussed in a very
scrupulous way putting every detail into

Aflac Case Analysis
AFLAC CASE ANALYSIS
Aflac is Fortune 500 insurance company founded which was founded in 1955 by three brothers, Bill, Paul and John Amos. "Since its beginning Aflac
has believed that the best way to succeed in our business is to value people. Treating employees with care, dignity and fairness are founding principles
of Aflac" Today, Aflac employs more than 4,500 people and has more than 71,000 licensed independent agents throughout the United States and Japan
according to the New York Stock Exchangebusiness summary. Its principal business is supplemental health and life insurance. Aflac's insurance
business sells cancer plans, care plans, medical/sickness riders, living benefit life plans, general medical indemnity plans, and ordinary ... Show more
Such as leadership development programs with onsite courses. The instructor led classes host a variety of subjects for employee seeking personal
development as well as career. In addition to this the company offers outdoor adventure days, on site fitness and child care services.
By achieving to provide these reward programs for its company employees it stay in line with two of its guiding principles which is to supply
quality service for their agents and provide an enriching and rewarding workplace for their employees. These rewards are also used to attract better
qualified employees and to push employees to have a greater impact on their community. The needs of the company's employees are a driving factor
behind Aflac's total rewards programs. Aflac's total rewards statements which was originally a one page document is now an in–depth review of the
value of the employment compensation and benefits. These are examples of non–traditional rewards that are used by Aflac. Traditional rewards that
Aflac uses is that the company has an "Volunteer of the Month" where one of their employees goes and volunteers for a charity of their choice and
they get rewarded by the company they also offer bonus, wages, internal promotion, voluntary benefits and paid leave.
Some recommendations of expansion of the benefits Aflac offers that would further align HR with the accomplishment of their goals and values are
Retirement programs which will further enhance the desire for

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