640Class 5 - Westfield presentation

640Class 5 - Westfield presentation - Principles of...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
Principles of Insurance Principles of Insurance Westfield’s Perspective Westfield’s Perspective
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
2 Westfield Group Overview Founded in 1848 Approximately 2,500 employees Over $3 billion in admitted assets and $1.5 billion in revenue (YE 2006) Roughly 1/3 of workforce eligible for retirement over next five years 2008 1848
Background image of page 2
3 Today’s Discussion Chapter 5: Types of Insurers and Marketing Systems Stock Insurers, Mutual Insurers, Lloyd’s of London, Reciprocal  Exchanges Agents versus Brokers Exclusive (captive) Agents, Direct Markets, Mass Marketers,  Independent Agency System
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
4 Today’s Discussion Chapter 6: Insurance Company Operations Rate-making  Underwriting Claims Sales / Marketing Risk Control Investments, IT, Accounting, Internal Audit, Premium Audit, Marketing /  Communications, Legal, HR
Background image of page 4
5 Types of Insurers Stock Insurers Mutual Insurers Lloyd’s of London Reciprocals Captives
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
6 Stock Insurers Owned by Stockholders Shares are traded on the stock exchange Profits benefit stockholders in the form of increased stock  prices and/or dividends Access to capital markets Operational flexibility
Background image of page 6
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 07/17/2008 for the course BUSFIN 640 taught by Professor Krempley during the Winter '08 term at Ohio State.

Page1 / 25

640Class 5 - Westfield presentation - Principles of...

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online