Risk Management and Insurance

  1. Insurance Industry Structure and Operations
    1. Types of Insurance Organizations
      1. Stock Insurance Companies
        1. Shareholder Ownership
          1. Profit Distribution
            1. Capital Structure
              1. Governance
              2. Mutual Insurance Companies
                1. Policyholder Ownership
                  1. Dividend Distribution
                    1. Surplus Management
                      1. Governance Structure
                      2. Reciprocal Insurance Exchanges
                        1. Subscriber Ownership
                          1. Attorney-in-Fact
                            1. Governance Structure
                            2. Lloyd's of London
                              1. Market Structure
                                1. Syndicates
                                  1. Names and Members
                                    1. Underwriting Process
                                    2. Captive Insurance Companies
                                      1. Pure Captives
                                        1. Group Captives
                                          1. Association Captives
                                            1. Risk Retention Groups
                                            2. Government Insurance Programs
                                              1. Social Insurance
                                                1. Residual Markets
                                                  1. Government Corporations
                                                2. Distribution Systems
                                                  1. Agency Systems
                                                    1. Exclusive Agents
                                                      1. Independent Agents
                                                        1. Agent Authority
                                                          1. Compensation Methods
                                                          2. Brokerage System
                                                            1. Broker Role
                                                              1. Broker Responsibilities
                                                                1. Market Access
                                                                2. Direct Response Marketing
                                                                  1. Direct Mail
                                                                    1. Telephone Marketing
                                                                      1. Internet Sales
                                                                        1. Mass Marketing
                                                                        2. Financial Institution Distribution
                                                                          1. Bancassurance
                                                                            1. Securities Firms
                                                                              1. Credit Unions
                                                                            2. Insurance Company Operations
                                                                              1. Actuarial Function
                                                                                1. Rate Making
                                                                                  1. Pure Premium Method
                                                                                    1. Loss Ratio Method
                                                                                      1. Judgment Rating
                                                                                      2. Reserving
                                                                                        1. Loss Reserves
                                                                                          1. Unearned Premium Reserves
                                                                                            1. Other Reserves
                                                                                            2. Product Development
                                                                                            3. Underwriting Function
                                                                                              1. Risk Selection
                                                                                                1. Risk Classification
                                                                                                  1. Rate Determination
                                                                                                    1. Policy Terms
                                                                                                      1. Underwriting Guidelines
                                                                                                      2. Marketing and Sales
                                                                                                        1. Market Research
                                                                                                          1. Product Positioning
                                                                                                            1. Distribution Strategy
                                                                                                              1. Producer Support
                                                                                                              2. Claims Function
                                                                                                                1. First Notice of Loss
                                                                                                                  1. Investigation
                                                                                                                    1. Evaluation
                                                                                                                      1. Negotiation
                                                                                                                        1. Settlement
                                                                                                                          1. Litigation Management
                                                                                                                          2. Reinsurance Operations
                                                                                                                            1. Treaty Reinsurance
                                                                                                                              1. Quota Share
                                                                                                                                1. Surplus Share
                                                                                                                                  1. Excess of Loss
                                                                                                                                    1. Stop Loss
                                                                                                                                    2. Facultative Reinsurance
                                                                                                                                      1. Reinsurance Functions
                                                                                                                                        1. Capacity Increase
                                                                                                                                          1. Stabilization
                                                                                                                                            1. Catastrophe Protection
                                                                                                                                              1. Surplus Relief
                                                                                                                                            2. Investment Function
                                                                                                                                              1. Investment Objectives
                                                                                                                                                1. Asset-Liability Matching
                                                                                                                                                  1. Investment Types
                                                                                                                                                    1. Bonds
                                                                                                                                                      1. Stocks
                                                                                                                                                        1. Real Estate
                                                                                                                                                          1. Alternative Investments
                                                                                                                                                          2. Investment Risks
                                                                                                                                                        2. Financial Management
                                                                                                                                                          1. Insurance Accounting
                                                                                                                                                            1. Statutory Accounting
                                                                                                                                                              1. GAAP Accounting
                                                                                                                                                                1. Financial Statements
                                                                                                                                                                2. Solvency Monitoring
                                                                                                                                                                  1. Risk-Based Capital
                                                                                                                                                                    1. Early Warning Systems
                                                                                                                                                                      1. Regulatory Intervention
                                                                                                                                                                      2. Profitability Analysis
                                                                                                                                                                        1. Underwriting Profit
                                                                                                                                                                          1. Investment Income
                                                                                                                                                                            1. Combined Ratio
                                                                                                                                                                              1. Return on Equity

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                                                                                                                                                                          7. Personal Insurance Lines

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                                                                                                                                                                          9. Insurance Regulation and Legal Environment