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How did title insurance companies combat downward pressure on profits?
Wiki User
∙ 13y ago
title insurance companies tried to increase efficiency by automating, laying off employees, improving services, and increasing lines and regions of service through mergers and acquisitions of smaller companies.
Wiki User
∙ 13y ago
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What developments of the 1980s contributed to a decline in the profitability of the accident and health insurance industry?
Employers began to shift more of the insurance burden to their employees, as economic stagnation exerted downward pressure on company profits and a new corporate cost-consciousness developed
What is meant your curse of competitive markets?
It is hard to find profitable project.High profits in product market attract competitors.competitors put downward pressure on prices and profits.
How insurance companies make money?
Insurance companies make money by collecting premiums and deductibles from customers. Not everyone will ever use their insurance policy, so the company profits from those cases.
Are mutual insurance companies inherently stronger than stock or public insurance companies and why?
The mutual business model in no way implies that it will be a stronger company. The only difference between mutual and stock companies is who the profits are paid to. If a company can not produce underwriting profits, it doesn't matter if a stockholder or a policyholder owns the company it will not last. Underwriter profits are fundimental to the overall operation ratio of a company and the operating ratio determines how well the company is doing. Chad Joiner http://insurance-racsun.blogspot.com
How do credit card companies earn profits?
Credit card companies earn profits by charging interest.
What does an insurance statistician do?
The statistician calculates the probability of a claim being made against any particular insurance, and the values associate with the claims. The expected payout by the insurance companies plus overheads and profits must them be matched by the income from premiums.
What type of an insurer issues participating policies?
A participating life insurance policy is one that pays a dividend to the owner. Mutual life insurance companies offer participating life insurance policies as the policyholders share in the profits of the insurance company since the policy owners are the owners of the company.
What phrases describe capitalism?
companies compete for profits. just finished my quiz on apex. :)
Why companies undersubscribed shares?
to earn profits
What are financial objectives of multinational companies?
to maximize profits for their owners.
An economic system in which companies compete for profits is known as?
Capitalism :)
An economic system in which companies compete for profits is known as what?
Capitalism
