Summary |
The business of general insurance is still on a rapid-growth path. General insurers are contributing to corporate risk management and protection of underlying assets of financing banks. In the teeth of increased litigations and consumer activism, general insurance is also assisting in liability or casualty management of individuals and corporate. Fire, marine, and miscellaneous including motor insurance are major lines of general insurance. General insurance risks are usually managed on an annual basis. Underwriting and claims management are critical for general insurance though aspects such as marketing, asset management, survey and adjustment are other technical areas of general insurance. The book integrates the general insurance principles and practices to present the business model that works.
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