Explain the basis behind workers compensation

Assignment Help Operation Management
Reference no: EM132195882

Answer the following Question :

1. Analytics is now at the forefront of the insurance industry. Please 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?

Reference no: EM132195882

Questions Cloud

Write a software requirements specification : BN209 - Define System requirement through requirement elicitation and workshops - Explain the process for, and execute, verification and validation of system
Explain what is meant by positive externalities : Explain what is meant by positive externalities. Describe how an under allocation of resources occurs when positive externalities are present.
Discussion of the type of accounting and finance software : For the purposes of this curriculum, we will concentrate on the financial and funding request portions of the plan for your small business.
Explain the basis behind workers compensation : Describe briefly the tools that are being deployed: Product Lines Quantified; Total Cost of Risk(TCOR); Global Peril Diagnostic; Stress Tests and;
What is the actual probability that there is a profitable : Suppose the firm conducts the test and the test indicates that there is a profitable oil field. What is the actual (revised) probability that there
Review problem on americans lack health insurance : Currently, numerous Americans lack health insurance because they are unable to pay for it. However, the number of people who do not have health insurance.
Potential and opportunity for foreign direct investment : Perform an assessment of its potential and opportunity for Foreign Direct Investment - National resource and factor endowments that create competitive advantage
What is the optimum economic life for this machine : A machine is purchased for $150,000. What is the optimum "economic" life for this machine and what is the corresponding hourly O & O cost

Reviews

Write a Review

Operation Management Questions & Answers

  Creating and solving decision tree

New Age is a large company that has been working on a new product. This product has tremendous potential, but New Age must move quickly.

  Explain however, government constraints put a maximum

Explain however, government constraints put a maximum of 4,000 hours of overtime labour per month in April also May.

  Consulting with an owner of several small convenience stores

You are consulting with an owner of several small convenience stores. She wants you to conduct a job analysis study to help develop valid selection measures for each of the positions found in the stores. Select an appropriate job analysis method and ..

  Several issues concerning physician discipline

In Re Williams dealt with several issues concerning physician discipline.

  Spending relative to the growth in gross domestic product

In your own words, explain the factors that you believe have contributed to the disproportionate growth in healthcare spending relative to the growth in Gross Domestic Product (GDP). Remember: If you use a resource, you must list it in APA (required)..

  Business such as shopping business convenient business

Extra income of the people of the area, traffic flow, popularity of the business such as a shopping business convenient business.

  Assignment on process design matrix

Assignment on Process Design Matrix. Write an executive summary identifying appropriate design approaches for a selected product and service.

  Draw a use-case diagram for the scenario

You are at a restaurant, and you need a ride home. You heard about "Unter"...the on-demand car services company.

  Identifying the front room and back room services

Identify the front-room and back-room services for the following organizations. Could these services be improved by increasing or decreasing the degree of customer contact?

  Is islam compatible with democracy

Is the globalization of Islam capable of rendering it fully compatible with democracy? Is Islam compatible with democracy?

  An improvement in quality must necessarily increase costs

The "make-or-buy" decision distinguishes between what an organization chooses to produce and what it chooses to purchase from suppliers. An improvement in quality must necessarily increase costs. Services cape refers to the physical surrounding in wh..

  What strategies have you used to bridge the differences

When you have worked with people who were different from you, what strategies have you used to bridge the differences? What would you like to learn that would help you collaborate with people who have different skills, talents, and backgrounds tha..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd