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Success and viability of business

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Reference no: EM133146773

For insurance companies risk management is critical to the success and viability of their business. As a result, they have therefore adopted strategies to manage the risks they are exposed to.

You are required to:

  • Explain underwriting risk and discuss two risks faced by insurance companies.
  • Discuss the importance of establishing an effective risk management policy at insurance companies to manage underwriting risks, giving one example of a risk management strategy used by insurance companies to mitigate such risks.
  • Discuss the role of the Insurance Core Principles as it relates to underwriting risks, in the effective management of insurance companies. Refer to the following link, https://www.iaisweb.org/page/supervisory-material/insurance-core-principles-and-comframe

Reference no: EM133146773

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