Question: What is meant by consolidation in the insurance industry
What is meant by "consolidation" in the insurance industry?
Answer to relevant Questionsa. Why is loss forecasting necessary when making a decision about whether to retain or transfer loss exposures?b. What techniques can a risk manager use to predict future losses?Compare a stock insurer to a mutual insurer with respect to each of the following:a. Parties who legally own the companyb. Right to assess policyholders additional premiumsc. Right of policyholders to elect the board of ...The corporate structure of mutual insurers has changed over time. Briefly describe several trends that have had an impact on the corporate structure of mutual insurers.Felix is a property claims adjustor for a large property insurer. Janet is a policyholder who recently notified the company that the roof of her home incurred substantial damage because of a recent hail storm. Janet owns her ...Briefly describe the sales and marketing activities of insurers.
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