Essays on The Insurance Market, Premiums and Loss Experience Coursework

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The paper "The Insurance Market, Premiums and Loss Experience" is a great example of marketing coursework.   In this article, there is an analysis of the factors that an FD needs to know about the insurance market. Insurance pertains to the creation of protection and safekeeping in case of the occurrence of a loss so that a company that has insured is mitigated and compensated for the risk. This helps in saving the company from losses that arise with the occurrence of the risks that had been insured against. This article, therefore, focuses on the development of techniques to manage the risks.

This is through the creation of a general understanding of the most pertinent risks that the businesses face. This can be through such things as the transferring of the risks among other risk management processes. With this, there is the development of knowledge on several aspects of risk management and insurance. They include a general understanding of the market cycle. There is also the creation of knowledge on the premiums and loss experience. The other aspect that has been analyzed in this article is the issue of the change in the cost capacity.

Further on, there is the creation of some insight into the basis and benefits of alternative risk transfer as an alternative to insurance. With this, there is an analysis of the expenses that arise with the factors around alternative risk transfer to the company that seeks to transfer its risks to other parties. There is also a discussion on the aspect of the creation of a condition that forces the buyers out of the market. Similarly, there is an analysis of issues termed as the destruction of the market cycle.

With this, it seeks to seek a conclusion on the matters that should be considered by an FD when analyzing the insurance market. They are the points that they should be aware of before engaging in the market. In this also, there is a critical analysis of some of the points that have been raised by the writer. With this, there is the provision of a description of better strategies that can be put into use by the business.

Some of the recent techniques when it comes to risk management have also been noted and pointed out.  

References

Aven, T2015, Risk analysis, London, Rutledge.
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