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Insurance Essay Topics & Paper Examples

Frontline: Sick Around the World

Health care has been a debatable topic for many years now. More than half of Americas are without health coverage. On the other side the world places like Germany and Japan required that everyone has insurance. In the videos, Sick Around the World and Sick Around America, Frontline examines the health care system in the United States and parts of the world such as, England, Japan, Germany, Taiwan, and Switzerland, for some responses about health care. In the video Sick Around the World, Frontline travel to Britain, Japan, Germany, Taiwan, and Switzerland to investigate their health care system. In Britain, there is no insurance premium or no copayments and the system covers everybody. In Japan, everybody has to sign up…

CIGNA Company

CIGNA is a major health insurance company. Its CIGNA Behavioral Health covers 16 million Americans in all 50 states and internationally. In addition, it supports a network of more than 50,000 professionals who needed a system that quickly and automatically approved requests submitted by providers, such as therapists, for additional patient care. CIGNA Behavioral Health’s business processes for making approval determinations were supported in different locations using several different software applications. Certain rules in use sometimes conflicted with each other, and knowledge was lost due to employee turnover. In addition, the rules were in inflexible if-then statements. Accessing and changing the rules was a slow, cumbersome, and expensive process. To reduce the knowledge loss due to employee turnover and to…

Cooper-Pearson case study

Healthcare benefits play a big part in employee satisfaction and retention, though many organizations do not see the importance, according to a recent survey conducted by insurance company MetLife. More than three-quarters of employees who say they have good healthcare benefits also report high job satisfaction, and 71 percent of those workers are loyal to their employers. Conversely, only about one-fourth of staff members who are dissatisfied with their benefits are happy and loyal to their organization. I have been given the task to research different medical insurance plans to assist Cooper-Pearson in selecting an insurance program for their marketing company. My aim is to provide them with enough details to make an informed decision on the different managed care…

Mutual Insurance Company of Iowa

Mutual Insurance Company of Iowa (MICI) has a major insurance office facility in Des Moines, Iowa. The MICI office facility in Des Moines is the one responsible for processing all their insurance claims for the entire nation. With this, the company is experiencing rapid growth of sales which resulted in corresponding increase in customer’s claims. However, the claiming department was unable to cope with the increasing volume of claims, which leads to the disappointment of their customers. Sally Cook, the manager of Claims Processing, suggested using a new kind of system, the JIT system. This new kind of system requires for the training of the managers and employees for them to able to be multi-skilled. JIT system also required for…

The Patient Protection and Affordable Care Act

ABSTRACT: We have all heard the adage, “the road to hell is paved with good intentions”. Hopefully this will not be the case for the new Patient Protection and Affordable Care Act. The first attempt for health care reform started as far back as President Roosevelt in the New Deal Era.1 Many presidents have tried and have also failed. What was so different about this legislation that allowed it to pass? This paper will discuss what the Patient Protection and Affordable Care Act (PPACA) provides for Americans, as well as the unintended consequences that may happen because of the act. Using the National Scorecard on U.S. Healthcare System Performance6, we will see how the U.S. compares to other countries. Lastly,…

French company

In October, a French company (seller) and a Shanghai company (buyer) have set up a contract of selling 200 sets of electronic computers (1000 USD each), and the payment shall be made according to the irrecoverable letter of credit. And the delivery should be made on December at Port de Marseille. On November 15, Bank of China Shanghai Branch (issuing bank) made a $ 200,000 irrevocable letter of credit according to the instruction of the buyer and commissioned a French bank in Marseille to notify and negotiate this letter of credit. On December 20, the seller loaded the 200 computers on board and got the bill of lading, insurance policies, invoices and other documents as required by the letter of…

Finanical Statement Analysis

Finance is the study of how investors allocate their assets over time under conditions of certainty and uncertainty. A key point in finance, which affects decisions, is the time value of money, which states that a unit of currency today is worth more than the same unit of currency tomorrow. Finance measures the risks vs. profits and gives an indication of whether the investment is good or not. Different parties are interested in financial statement for different reasons. The management is keen on finding out the performance of the business and for the purpose of evaluating policies and plans for the future course of action. The project has been done in UNITED INDIA INSURANCE CO. Ltd and it is purely…

G-III Apparel Group

1. How sound was G-III’s business? Was it suitable for an IPO? G-III’s business was based on consumer consumption of leather goods. While leather was a hot fashion item, and growth rate projections were expected to grow at about 3.5% in 1989-1990, the general economic conditions during this time period had increased such that people had more disposable income to spend on apparel. This brings up an interesting point-G-III’s business was based on the fickle tastes of consumers, which were tied closely to the state of the economy. G-III was generally predicted to capture about 10% of the 1989 industry sales, up from only 2% in 1985, in an industry that grew at a 15% annual rate. However, the company’s…

Motor Insurance

Vehicle insurance Vehicle insurance (also known as auto insurance, GAP insurance, car insurance, or motor insurance) is insurance purchased for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise therefrom. The specific terms of vehicle insurance vary with legal regulations in each region. To a lesser degree vehicle insurance may additionally offer financial protection against theft of the vehicle and possibly damage to the vehicle, sustained from things other than traffic collisions. Vehicle insurance, in exchange for a premium, will pay valid claims arising out of traffic collisions such as the above. India A Sample Vehicle Insurance…

The Ten Critical Steps for Risk Managers

Introduction The objective of this document is to explain, based on the documentation that is found not only in the supporting text for this curriculum but, also the Political Risk Insurance Center web-site; The Ten Critical Steps for Risk Managers. The ten critical steps as compiled, explained and assessed from our documentation expresses a guide for export professionals in purchasing political risk insurance. The subject of this document with the focus on the ten critical steps, will be the country known as the Philippines, a Republic that was formed on July 4, 1946. Selection of a Broker/Underwriter The broker is amongst the first individuals that will be contacted. Therefore, this first step is amongst the most important. Just like any…

State Farm: Dangerous Intersections

The various constructs and concepts involved in the study was about State Farm, the nation’s largest auto insurer, distributed a list of the 10 most dangerous intersections in the United States based on crashes resulting in claims by its policyholders. The study’s center on road safety engineering, the first study ignored accident severity and made no attempt to isolate demographic (age or gender of driver, driving record, etc. ) or geographic (weather conditions, population of area, etc. aspect related to the accident. The study also looked only at State Farm’s own interior occurrence reports, not at any public records involving traffic patterns or volume or police incident reports. State Farm Insurance has a rich record of practical safety participation in…

Insurance Business in Bangladesh

Acknowledgement We really enjoyed working on this report . At the time of completing different parts of the report like collecting information from different source and working with the group members and then compile different parts of the report and so on. This report is a required term paper of our “Banking & Insurance” course and our honorable course faculty, Mr. Md. Amdadul Hoque is the person who has guided us throughout preparing the report . We are thankful to him and we have tried to make this report as his instruction. We would like to thank all mighty Allah for keeping everything on right track. Finally, we would like to thank our parents and friends without whose support it…

Health Law and Regulations

In understanding regulatory agencies the differences between regulation and legislation needs defining. Legislation is the law that has been passed by a voting process and regulation is the responsibility of the regulatory board appointed to enforce laws once the law is passed; it sets forth rules on how the laws are to be implemented and to what degree. In health care the Department of Health and Human Services (HHS) has the predominant responsibility to enforce legislation that impacts the health and well-being of Americans. Under the umbrella of HHS there are 13 regulatory agencies tasked with setting rules on the enforcement of the legislation passed by lawmakers. Regulatory Agencies Two of the most influential regulatory agencies within HHS are the…

Innovation at Its Best

The need for automobile insurance on all vehicles is not only a necessity but also the law. There are numerous drivers on the roads today that are underinsured or have no insurance to begin with. These facts can be very expensive in the event that a driver is in an automobile accident without insurance. What can be done to ensure that the problem of driving without insurance is rectified or at a minimal? How will the public benefit from investing in the solution to this problem? These are the type of questions reviewed when the Blue Ocean Strategy was chosen in the development of the Driver’s Insurance License (DIL). With the Blue Ocean Strategy process, the following subjects covered in…

Medical insurance

I have been asked by Cooper-Pearson to research different medical insurance plans that they could consider as one of their selected insurance programs for their marketing company. My goal is to provide them with enough details in order for the company to make an informed decision as to which program they would like to consider. This information will allow them to provide their employees with an effective compensation package that is both affordable and desirable and I believe that once an attractive compensation plan is in place; we should expect the retention rate of the company to improve and the recruitment of quality employees to increase as well. First I will start by demonstrating the comparison and contrast between an…

Government Roles in Healthcare

The government which consists of federal, state and local combined has many important roles in the U.S healthcare system. One of the roles in which the government provides is finance. It is estimated that 48% of healthcare was paid for by public dollars in 2008, which included Medicare, Medicaid, state and local health programs, CHIP, and Departments of Defense and Veterans Affairs (Yesalis,Holt,& Politzer,2012). Federal and State governments jointly fund Medicaid, long term mental health services, community health centers and public health programs. The next important role that the government plays in the healthcare system is delivering healthcare to patients. Some examples of healthcare delivery would be the Department of Veterans Affairs which is a federal government operated facility which…

ICICI Prudential –Multiple Channel Distribution

In terms of the future of the Indian insurance industry, what do you think are the measures that can be taken/ have been taken by ICICI Pru to further strengthen its distribution system to meet the competition? Bring out the drawbacks of the existing channels and the need to explore new avenues. Distribution Scenario in the Indian insurance Market The major challenges to insurers and intermediaries in highly competitive Indian insurance market are: 1. To build faith about the company’s insurance services in its customer’s mind 2. To develop relationship(in terms of credibility) between intermediaries and clients 3. To develop extensive network for providing best service and stay close to the customers Capturing larger segment –Rural India Except ICICI Prudential, all the…

Manzana Insurance Case

Introduction This study is designed to determine why the Fruitvale branch of Manzana Insurance is performing so poorly for Property Insurance. Golden Gates, a competitor of Manzana, numbers are estimated to outperform Manzana Fruitvale branch as well. There are several problems that are leading to the poor performance at this branch. This past quarter turnaround time increased again reaching 6 days, where Golden Gate is sitting at 2 days. Also the system is running very close to efficiency, which can cause a problem down the road with changes we recommend. A big problem with what is going on has to deal with the RUNs and RAINs being of higher priority than the RERUNs for the senior underwriters. The senior underwriters…

Frauds in Insurance

“Rising frauds lead to greater operational threat.” Insurance is one of the tools for risk management that aims at reducing the risk on the day-to-day life of individuals, organisation and society. At the same time, it should also be appreciated that insurance cannot be utilised as a risk free tool for all types of situations. Insurance provides risk management solutions to many situations that fall within the competence of human judgement and managerial skills. Insurance is very important in today’s world there are number risk which people face in their day-to-day life. The different types of insurance are life insurance, health insurance, automobile insurance, and property insurance. These are the most common types of insurance. Other types of insurance include…

Psychological and Sociological Insights

This essay will address how psychological and sociological insights help nurses to understand health lifestyles by exploring life sciences, focusing on people who engage in smoking and how they seem to override the fact that they are putting their health at risk. In addition to this I will also be highlighting statistics and briefly discussing the health complications that develop from smoking. Consequently, it is important for nurses to understand how people function, more so when they are healthy so we know how to help when a health problem arises. Functioning as a person involves social and psychological aspects, as well as having functioning body systems. Over the decades there have been many different explanations on how people function, this…

Production and Operation Management

The Bronson Insurance Group was originally founded in 1900 in Auxvasse, Missouri, by James Bronson. The Bronson Group owns a variety of companies that underwrite personal and commercial insurance policies. Annual sales of the Bronson Group are $100 million. In recent years, the company has suffered operating losses. In 1990, the company was heavily invested in computer hardware and software. One of the problems the Bronson Group faced (as well as many insurance companies) was a conflict between established manual procedures and the relatively recent (within the past 20 years) introduction of computer equipment. This conflict was illustrated by the fact that much information was captured on computer but paper files were still kept for practical and legal reasons. FILE…

U.S. Health Insurance Industry

I.Brief Overview In the past ten (10) years, health costs in America have soared to record levels while more and more Americans are uninsured and access to quality health care becomes more problematic. Unemployment rates, higher insurance premiums, a rise in chronic illness nationwide and less than effective attempts to fix the problem such as Obama care and changes in Medicaid only exacerbate the problem. According to the Center on Budget and Policy Priorities, “poverty rates in 2010 were the second highest in 45 years. The level of persons falling below the poverty rate is second only to the level in 1965. The rate in 2010 reached a level of 15.1% of all American resulting in one (1) and seven…

Career Development in Insurance Sector

Potential for career development in insurance sector is most vibrant topic today. One Million plus persons are working today as an employees in Insurance sector and 5 Million plus persons are associated with this sector as Agents, Consultants, Surveyors, Loss Assessors, Underwriters, Claim Settlers, Salvage Dealers, Brokers, Sub-brokers, etc etc. The growth rate in Insurance Sector is more than 20% in last 3 years. There is huge potential for development in Insurance sector. The sector is under developed and penetration of insurance is very very low in the country compared to other developing and developed countries. India is leading towards one of the strongest economy of the world by 2020 and it is international phenomenon that insurance sector always booms…

KOT Task #2: Medicare

Though Medicare plans are typically for persons over the age of 65 years old, they do not come without costs to the patient. If the patient has enough work credits, Medicare Part A is automatically available to the patient once he or she reaches age 65. Medicare Parts B and D, however, require the patient to navigate through an application process and the patient may incur penalty fees if he or she does not sign up for the plans during the allotted time frame once they have reached the age of 65. For Medicare parts B and D, the patient is responsible for paying the designated premiums. The Medicare Part B premium ranges from $96.40-110.50 monthly and the Part D…

Political Unrest

Political risk insurance (PRI) is business insurance that reimburses losses caused by social or political disruption in a country. It is also a product that can serve as a loss control or mitigation tool in order to encourage investment in a project. As such a tool, even small companies may be required to insure overseas investment with some form of PRI. Political risk insurance is a type of insurance that can be taken out by businesses, of any size, against political risk—the risk that revolution or other political conditions will result in a loss. Political risk insurance is available for several different types of political risk, including (among others): Political violence, such as revolution, insurrection, civil unrest, terrorism or war;Governmental…

“Naked Economics” by Charles Wheelan

Economics is on fundamental level of the study of scarcity. Human desires are unlimited, but resources aren’t and every society tries to figure out how to allocate its resources for maximum benefit. The field of economics attempts in large part, to help understand these resource allocations and decisions. Resources allocated largely according to the forces of supply and demand, and prices serve as incentives to determine how much of a product a company wants to produce and how much people want to buy. Economics can also be looked at as the study of incentives or the study of household business making. Due to such a large variety of information, economist begin to attempt solving a problem by stating “it depends”….

Problems of Library Automation in Africa

In 1981, IBM introduced its personal computer (PC) for use in the home, office and schools. Prior to that time, there had been several MS-DOS compatible personal computers that ran DOS programs. As computers became more widespread in the workplace (ie. an independent agent’s office), new ways to unleash their potential developed. As smaller computers became more powerful, they could be linked together, or networked, to share memory space, software and information, and communicate with each other. So where does the insurance industry enter the “automation” picture? A word from our sponsor: What’s so difficult about combining personal and commercial umbrella coverage? Not much. Get a quote online now! Independent agents have come a long way in using technology over the…

Should You Offer Employees Health Care Benefits?

Health care benefits are optional for most employers, but of critical importance to most employees. Employers should be aware of the pros and cons of offering health benefits to their employees. Benefits are a critical piece of an employee compensation package, and health care benefits are the crown jewel. Health care benefits, along with time-off benefits, are the most popular of benefits to employees. Every employer must at least consider whether to offer these types of benefits and in some cases employers must offer health care in order to remain competitive with other businesses for the most talented employees. Another reason why many employers choose to offer health care benefits is so that they themselves can take advantage of less…

Legal Reserve System

The economic challenges that we face in today’s world have become second only to the great depression. The recent collapses of banks and large corporations in our country have made people scramble for a place that has security. We are asked often, “Where can we place assets that provide safety and security in uncertain times”? One place that should be considered is life insurance companies that have a Legal Reserve classification. Life companies that comply with the legal reserve requirements established by the state insurance laws are known as Legal Reserve Life Insurance Companies. Legal Reserve companies had their strongest showing of strength during the Great Depression of 1929-38 when some 9,000 banks suspended operations while 99% of all life…

The Health Care-Based Vulnerability of Elderly Populations

Vulnerability, or the susceptibility to a form of harm, results from an interaction between the resources available to the elderly and communities and the life challenges they face. Vulnerability results from developmental problems, personal incapacities, disadvantaged social status, inadequate formal health care coverage, inadequacy of interpersonal networks and supports, degraded neighborhoods and environments, and the complex interactions of these factors over the life course (Mechanic, 2012). When researched several types of vulnerable populations were found. They are not limited to; families ineligible for welfare, race/ethnic minorities, prison inmates and current or former offenders, unattached adults who are ineligible for public cash aid, men and women with psychiatric and substance abuse disorders or developmental disability residents of rural areas, residents of…