C16 - Business of Insurance - Chapter 2

C16 - Business of Insurance - Chapter 2
What is the role of insurance? –
✔✔- To provide peace of mind
- To offer financial security
- To encourage loss prevention
Insurance brings focus to the role of risk management.
What factors affect the selection of an organization structure? -
✔✔There are two organization structure types:
- Pyramid Structure
- Flat Structure
Selection of an organization structure depend on:
- How power & control are distributed
- How well systems are integrated between departments
- How communication works
- How well services are coordinated
- The size of the company
Compare and Contrast : Pyramid Structure vs. Flat Structure - ✔✔A
Pyramid Structure offers opportunities for promotion, but the
drawback is the process to gain approval from hierarchal levels is very
time-consuming ; This is because of the top-down nature of the
structure.

C16 - Business of Insurance Exam,C16 - Business of Insurance Test,C16 - Business of Insurance Flashcard,C16 - Business of Insurance quiz,C16 - Business of Insurance Practice,C16 - Business of Insurance Practice test,C16 - Business of Insurance Practice flashcard,C16 - Business of Insurance Practice exam,C16 - Business of Insurance Study guide,C16 - Business of Insurance Practice questions,C16 - Business of Insurance Questions,C16 - Business of Insurance Practice questions and answers,C16 - Business of Insurance Questions and answers,C16 - Business of Insurance pdf,C16 - Business of Insurance quizlet,C16 - Business of Insurance reddit,C16 - Business of Insurance Answer sheet,C16 - Business of Insurance Answer key,C16 - Business of Insurance Pdf free,C16 - Business of Insurance Exam help,C16 - Business of Insurance Cheat sheet,C16 - Business of Insurance quiz bank,C16 - Business of Insurance Questions bank,C16 - Business of Insurance Practice Guide,C16 - Business of Insurance Guide,C16 - Business of Insurance Testbank,C16 - Business of Insurance Practice Answers,C16 - Business of Insurance Answers,C16 - Business of Insurance Exam prep,C16 - Business of Insurance Prep,C16 - Business of Insurance Pdf download,C16 - Business of Insurance Flashcards,C16 - Business of Insurance Real questions,C16 - Business of Insurance Actual questions,C16 - Business of Insurance Real Questions and answers,C16 - Business of Insurance Actual Questions and answers,C16 - Business of Insurance Exam review,C16 - Business of Insurance Review,C16 - Business of Insurance Exam questions,C16 - Business of Insurance Exam questions and answers,C16 - Business of Insurance Practice test pdf,C16 - Business of Insurance Practice test quizlet,C16 - Business of Insurance Practice test Reddit,C16 - Business of Insurance Practice test quizlet multiple choice,C16 - Business of Insurance Exam study guide,C16 - Business of Insurance Practice test free,C16 - Business of Insurance Test questions,C16 - Business of Insurance Exam study guide,C16 - Business of Insurance Practice exam free,C16 - Business of Insurance Practice tests free,C16 - Business of Insurance Exam practice test,C16 - Business of Insurance Exam test questions,C16 - Business of Insurance Exam questions and answers,C16 - Business of Insurance Exam practice test