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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
Accounting profits are typically?
greater then economic profits,as accounting profits do not include implicit costs
How do you calculate economic profits?
Profits = revenues - expenses
Of what significance are stock dividends as factors of production?
Although in business usage stock dividends are distributed profits, in economic analysis they figure as returns to capital, a kind of interest payment, since they are a return to finance rather than to entrepreneurship
Which statements is true about profits in a monopolistically competitive market?
many firms will earn profits in the short term, but they must constantly innovate and compete to earn profits in the long term
How may the surety insurance industry be said to have thrived in the mid 1990s?
In 1995, surety underwriting profits nearly doubled to $276.9 million, while fidelity under-writing profits were flat -- up only 1.9 percent to $232.9 million.
What is In house underwriting when dealing with home mortgages?
In House underwriting means that the lender is doing their own underwriting instead of sending it out to a 3rd party underwriter.
Underwriting requirements for public liability insurance?
underwriting requirements of general public insurance covers
When was Professional Liability Underwriting Society created?
Professional Liability Underwriting Society was created in 1986.
In what country is the JUA Underwriting Agency based?
The JUA Underwriting Agency is based out of Australia. JUA is the preferred insurance underwriting agency for many brokers in Australia. JUA has an office in Sydney and one in Melbourne.
Who is Ilya Bodner of Initial Underwriting Group?
Ilya Bodner is the founder and CEO of Initial Underwriting Group, a company that specializes in providing innovative underwriting solutions in the insurance industry. He has a background in technology and finance, which he leverages to enhance the efficiency of underwriting processes. Under his leadership, Initial Underwriting Group focuses on integrating advanced data analytics and technology to streamline operations and improve risk assessment.
What banking activities were prohibited to commercial banks by the glass steagall act in 1993?
Underwriting stocks :) plato pals :)
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
Can you go through underwriting with two lenders simultaneously?
No, typically you cannot go through underwriting with two lenders simultaneously. This is because the underwriting process involves a thorough review of your financial information and credit history, and it is generally considered unethical to apply for multiple loans at the same time. It is best to choose one lender and work with them through the underwriting process.
What are the underwriting considerations in insurance?
In general, underwriting involves the assessment of risks. Insurance companies have "underwriting guidelines" that define the metes and bounds of the risks they are willing to accept. Those metes and bounds are defined, in turn, by the type of insurance that the insurer issues. That is, the underwriting considerations for a life insurance company involve factors such as age and health, whereas underwriting considerations for an insurer that issues automobile physical damage coverage involves considerations such as make and model of the auto, where the auto is principally kept, number of miles driven, and driving history. The totality of the underwriting factors, in part, determine the premium that the insurer will charge for the insurance.
Why is Underwriting important?
http://krsreejit.googlepages.com/insurance
What are the advantages of a decentralized underwriting department?
None
