What method will you use for setting reserves

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Reference no: EM131862331

Question: The Claim Function

After growing tired of your underwriting job at Big Mo Insurance Company, you transfer to the claims department and take a position as a claim representative. After a few weeks of training, you are ready to begin handling claims for Big Mo. On your first day in production, one of Big Mo's agents faxes you details of an automobile accident involving one of his clients who purchased a Big Mo personal auto policy from the agent. The insured (Bob) and his daughter (Sally) were involved in an accident that crumpled the insured automobile's front-end and injured Bob and Sally. Fortunately, both Bob and Sally will be alright, but Bob is still in the hospital recovering from his injuries.

In your discussion post this week, outline the process that you will follow in handling this claim. Be sure to include the following among your outline of the process:

1. What method will you use for setting reserves? Explain why you chose that method for this claim.

2. What kind(s) of investigation will you conduct?

3. What can you do to protect Big Mo's overall financial objectives as you handle this claim?

4. What tools will you use as you handle this claim?

5. How will you conclude the claim?

Attachment:- Discussion Forum Instructions.rar

Reference no: EM131862331

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What method will you use for setting reserves : In your discussion post this week, outline the process that you will follow in handling this claim. What method will you use for setting reserves

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Reviews

len1862331

2/14/2018 4:13:29 AM

Post by Thursday night and return to review and comment on at least two classmate responses by Sunday night. (Review all of the discussion forum posts thoroughly by the end of the week so that you can learn from the comments of others.) There are two parts to your online discussion obligation: Initial Response Post - Research and then respond to the assigned discussion question by the end of Day 4 of the week. Participation Posts – Read and respond (substantively and meaningfully) to at least two of your classmates’ posts by the end of Day 7 of the week, but preferably earlier.

len1862331

2/14/2018 4:13:22 AM

Well developed ideas. Introduced new ideas/perspective. Supported idea(s) with new example(s). Post includes at least one secondary resource to support response. Clearly addresses key issues, problems, and questions. May include unique insight. Less than 2 errors in grammar, punctuation, spelling, and/or APA requirements. At least 2 substantive posts that support, challenge or answer the content of a previous post by: Providing an example (personal or researched) that illustrates the key points and includes at least one secondary resource to support response. All questions responded.

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