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 Posted: Mon Dec 17, 2007 9:40 am Post subject: what are the adventages and disadvantages of having 2 insura |
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| There are many stand alone insurance policy,,but there are not that many combined insurance in one policy,,,I wonder why this is the case... |
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imprayitno
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Joined: 17 Dec 2007
Posts: 1
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| Posted: Mon Dec 24, 2007 2:41 am Post subject: |
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What do you mean by "combined insurance in one policy" exactly?
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Quenlin
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Joined: 13 Dec 2007
Posts: 193
Location: US
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| Posted: Mon Dec 24, 2007 11:24 am Post subject: |
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Hi you need to understand that designing insurance policies is not just everybody's cup of tea. You need to study the market properly, know the capital strength of your company & your network for the time. Then only may you step to formulate insurance packs...
Gordonflabbergast
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Gordonflabbergast
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| Posted: Mon Dec 24, 2007 11:48 am Post subject: multiple sectors |
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Well don't forget the state guidelines that would operate on the different insurance segments & thereby control the volume of operations for each branch of insurance, thus focusing on some branches (while restricting other branches due to legal complications). It also has a close connection with the history of the insurance operations at that state.
Last of all, it is a huge industry....so its difficult for a single person/division to know all the pros n cons of more than one branch of insurance (to be confident enough to operate on the multiple sectors)
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Pleasantsurprise
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