Summary |
In the last few years, the insurance landscape has changed significantly. Business organizations have been working towards having an overall approach to risk management. Written by two highly experienced practitioners, this simple yet practical book explains corporate insurance within the overall framework of risk management and planning.
Part I – of the book presents the general concepts of insurance and risk management.
Part II – examines optimal ways to organize the function and get the maximum value for the money spent on insurance. It takes some steps forward in creating customer awareness and education in the area of insurance. It identifies various methods and strategies that corporate could employ to bring down the casts incurred on covering insurable risks or get better coverage for the premiums they pay. It has innumerable suggestions for:
(i) Optimal ways to organize the insurance function,
(ii) Optimizing the purchase of insurance services,
(iii) Organization and division of duties and
(iv) The controls to be exercised at various levels.
Part III – summarizes major types of policies.
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