What is cash flow underwriting? Why is it a concern for insurance companies?
What will be an ideal response?
Cash flow underwriting is the practice of selling insurance coverage at below actuarial costs and making up the difference with investment income. For example, if an exposure was sold at an expected combined ratio of 0.92, .08 would have to be made in investment earnings to break even. Cash flow underwriting is a concern because underwriting is risky enough without having to rely on an uncertain investment return to produce adequate dollars.
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A. Solution selling B. Personal selling C. Price-based selling D. Target account selling E. Cold calling
“Doing” and accomplishing things, especially in association with one’s ______ life, is predominant in the American culture.
a. personal b. community c. work d. social
______________ was a leader of Britain's most recent privatization efforts.
Fill in the blank(s) with the appropriate word(s).
Chelsea Bank employs a diverse group of employees, and the firm wants all of its workers to have equal career advancement opportunities. Which of the following most likely undermines Chelsea Bank's attempt to meet the career development needs of its diverse workforce?
A) scheduling meetings at flexible times such as in the early morning or late evening B) offering career advancement seminars for women and minorities C) identifying mentors for women and minorities D) adopting flexible year-round work schedules