What are the functions of insurance companies & how do you set up a appropriate internal control system for it?
How do you ensure a good internal control for an insurance company? What are the accounting policies and auditing policies on insurance companies?
Answers:
insurance company collects money from their customers and manage them for their bleak times
good organization can do it vastly easily
Functions:
underwriting
marketing
claims
loss control
actuarial
leadership
computer services
accounting
finance
You can subscribe to a magazine called "Best Practices" to draw from articles on this - you're basically asking for a HUGE operations almanac, and that's too much information to type into yahoo! Plus, if I DID write that much, I'd be publishing it, and selling it to startup insurance companies, but it would take a year or so to write it . . .
Related Questions:
Answers:
insurance company collects money from their customers and manage them for their bleak times
good organization can do it vastly easily
Functions:
underwriting
marketing
claims
loss control
actuarial
leadership
computer services
accounting
finance
You can subscribe to a magazine called "Best Practices" to draw from articles on this - you're basically asking for a HUGE operations almanac, and that's too much information to type into yahoo! Plus, if I DID write that much, I'd be publishing it, and selling it to startup insurance companies, but it would take a year or so to write it . . .
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