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Describe the different business models for Life Insurance Companies as compared to Property & Casualty (P&C) Insurance Companies.
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- Which of the following is NOT a business of life/non-life insurance firm? a. Property/casualty insurance b. Deposit Insurance c. Automobile insurance d. Whole life insurance e. Death insurance f.House insurance a b c d e f xWhat are the performance measures of an insurance company?Briefly describe the relationships between loss / combined ratios AND underwriting, marketing and claims performance / decisions for an insurer.
- what is the role of the Insurance Core Principles as it relates to underwriting risks, in the effective management of insurance companies?In case of life insurance policies with profits, policy holders are given the right to participate in the profits of the business and for this purpose insurance company will pay: a. Claims to policy holders b. Bonus to policy holders c. Consideration to policy holders d. Annuity to policy holdersThe company selling the insurance policy is the _________________. a. Insurer b. Policy c. Premium d. Insured
- How insurance companies works?Insurance policies form the basis of an insurance company’s ________________. a. Financial securities b. Financial liabilities c. Financial assets d. Net policy reserves3. What is the role of Insurance company? the differences between Primary Market and Secondary Market. 4. Write