Question: Hi, I need your help for the task below about Insurance. Answer the 9 Questions about Participation Insurance and Protect and Indemnity Club(P&I club) Insurance
Hi, I need your help for the task below about Insurance.
Answer the 9 Questions about Participation Insurance and Protect and Indemnity Club(P&I club) Insurance below.
Each question should be answered easily understandable, detailed, clearly, logically.
- Is there a membership in participation insurance? Please compare this membership in P&I Clubs.
- All the applications for membership is accepted in participation insurance? (Please compare this membership in P&I Clubs).
- What happens if the premiums collected would not be sufficient to pay for claims in participation insurance? (Please compare this situation within P&I Clubs).
- Is there any profits? What is the aim of the company in participation insurance? (Please compare this fact with the principals in P&I Clubs).
- Which elementary branch and which type of policy are the most popular ones in participation insurance?
- The number of the policies issued, the premium underwritten and claims paid of a period of time (choose which one you like) and compare these for the conventional business and participation insurance as a whole? (do not choose a company)
- Is there any difference between mutual insurance and participation insurance? Please explain.
- Each insurance policy will have its general conditions and/or clauses. Is there any difference in general conditions available for participation insurance and conventional insurance business? Please explain.
- Please make a list of 5 top insurance companies actively issuing participation insurance policies according to the latest statisticals.
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