Characteristics of the managed care plans

Assignment Help Risk Management

Reference no: EM132730140

Question 1 - Discuss in detail why unemployment is or is not an ideally insurable risk?

Question 2 - Discuss about all risk management techniques that a risk manager can apply for a car manufacturing company? Make sure you cover all the techniques and provide examples in car manufacturing company.

Question 3 - Mark would like to determine how much life insurance to purchase using the human life value approach. He assumes his average annual earnings over the next 30 years will be $40,000. Of this amount, $10,000 is paid for federal tax, $12,000 for life insurance premium and $3,000 for self-maintenance. Mark will generate this income for 30 more years and he believes that 4 percent is the appropriate interest (discount) rate. The present value of one dollar payable for 30 years at a discount rate of 4 percent is $17.29. What is Mark's human life value?

Question 4 - Suppose Venus Liability Insurance has $400,000 retention limit for a single policy and five lines are ceded to Crown Re under surplus-share treaty agreement.

(a) Is Venus Insurance allowed to issue a liability insurance application with the sum of insured of $3,000,000?

(b) What is the underwriting capacity of Venus Insurance?

(c) Assume Venus Insurance issued a policy with $1,500,000 coverage for one year. A few weeks later a $1,000,000 claim in reported by the policy holder. How much are the shares of Venus and Crown Re companies on this claim?

Question 5 (a) Describe the major characteristics of the following managed care plans:
(i) Health maintenance organizations (HMOs)
(ii) Preferred provider organizations (PPOs)
(iii) Point-of-service plans (POS)

(b) What are the differences between a Preferred Provider Organizations (PPOs) & Health Maintenance Organizations (HMOs)?

Reference no: EM132730140

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