Assignment
1. Analytics is now at the forefront of the insurance industry. Describe the applicability of analytics to managing, retaining and transferring risk. Describe briefly the tools that are being deployed: Product Lines Quantified; Total Cost of Risk(TCOR); Global Peril Diagnostic; Stress Tests and; Peer Analytics.
2. Explain the basis behind workers' compensation. What was the historical background that generated this line of insurance? What types of benefits does workers' compensation coverage provide? How does workers' compensation work in terms of coverage, rating and premium generation?
3. Management Liability is a very unique segment of insurance. Please describe the different lines of insurance: Directors' & Officers'; Employment Practices Liability; Fiduciary and; Crime. What are coverages meant to address and what circumstances or government legislation drive those terms & conditions?
4. Describe how a global program is structured. What are the factors that generate the particular product of a controlled master program? What are the benefits? Make sure to include the regulatory aspects in addition to admitted requirements. How does a Freedom of Services policy provide economies of scale?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.