Design a report on the life insurance industry

Reference no: EM132507893 , Length: 17 Pages + 8 PPT

BAF 311 Risk Mgt and Insurance Assignment - Emirates College of Technology, UAE

Learning Outcomes -

LO1: Describe competition, cooperation and regulation in the insurance industry and identify legal characteristics of insurance contracts.

LO2: Differentiate between life insurance products and explain the unique characteristics of life insurance.

LO3: Analyze exposure and risk management in commercial property insurance and compare commercial and personal liability coverage

LO4: Discuss the future of the insurance industry, the new issues that may arise and the risk management implications.

1. Project Objective - In this project, student is required to design a report on the life insurance industry, he has to differentiate between life insurance products and explain the unique characteristics of life insurance. This report is a Manual of most important topic in Risk Management and Insurance (life insurance & the legal constraints), which explain the following aspects:

- Life Insurance products

- Legal characteristics of insurance contracts

- Future of Insurance

2. Contents of the Project - In this project, you must include the following sections:

1) Executive Summary

2) Overview of the regulation in the insurance industry and the financial aspects. Must include:

- Private insurance

- Social Insurance

- Public Benefit Guarantee Program

3) Overview of Life Insurance:

- Universal life insurance

- Adjustable life insurance

- Variable life insurance

4) Take example from one of the life insurance cases and make the Cost analyzing through the following:

- Traditional Net Cost Method

- Surrender Cost Index

- Net Payment Cost Index

5) Discuss the future of the insurance industry at the Global & Local levels.

6) Conclusion

Note - Be sure in the instructions file do cost analyzing use same numbers to do traditional & surrender & net payment and PPT as points not paragraph.

Reference no: EM132507893

Questions Cloud

Introduction of Concepts Interaction with the Society : Consequences of Globalization upon Relationship of Society and Family: Introduction of Concepts Interaction with the Society

Draw up a balance sheet at june : Draw up a balance sheet at June 30, 2021. (List the assets in order of liquidity.) On June 1, 2021, Heming Company began operations

Draw up a retained earnings statement for the month of june : Draw up a retained earnings statement for the month of June. (List the items that increase retained earnings first.) On June 1, 2021, Hollanda Company was start

What are the steps for software testing life cycle stlc : Illustrate how can we control 'change requests' coming from different directions during a project? What are the steps for the Software Testing Life Cycle STLC?

Design a report on the life insurance industry : In this project, student is required to design a report on the life insurance industry, he has to differentiate between life insurance products

Draw up an income statement for crane company : Draw up an income statement for Crane Company for the year ended December 31, 2021.The items and amounts below were taken from Cravex Company's 2021

Recalculate the projected manufacturing costs for job : Recalculate the projected manufacturing costs for job no. 110 using three separate rates: one rate for plantwide overhead and two separate department

Discuss the concept of systems thinking : Explain and discuss the concept of systems thinking. Explain and give an example of the difference between silo thinking and systems thinking

Decision trees used to aid business decision making : How are Decision Trees used to aid Business Decision Making. Describe the difference between Deontological and Teleological ethical viewpoints?

User Account

All Pages