7A Framework : The Organization of an Insurance Business

12manage is looking for students!

Business Insurance
Knowledge Center

 

Next Topic

Business Insurance > Forum > 7A Framework : The Organization of an Insurance Business

7A Framework : The Organization of an Insurance Business
Kailash Chandra Mishra, Management Consultant, India, Member
An insurance organization consists of the following components (7A Framework):
A1. Agency System (Agent, broking and distribution)
A2. Accounting System (Record keeping, cost disposal and management support)
A3. Actuary System (Assumptions, models and valuation)
A4. Adjustor System (Survey, assessment and loss adjustment )
A5. Assuror System (Underwriting, product packaging and risk pricing)
A6. Asset Management System (Fund management, asset allocation and churning)
A7. Administrative Management System (Boundary Management, Corporate Governance, Audit, Grievance redressal and Information Technology)
 

     
Special Interest Group Leader

Interested? Sign up for free.


Business Insurance
Summary
Forum
Best Practices


    Business Insurance
    Knowledge Center

     

    Next Topic



    About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
    2019 12manage - The Executive Fast Track. V15.1 - Last updated: 18-9-2019. All names of their owners.