Let author, Kevin L. Glaser, CPCU, CIC, SCLA, ARM, AAI, AIC, ARM-P, AIS, share with you his wealth of first-hand experiences gained in his roles as insurance company adjuster, underwriter, marketing representative, risk manager, and expert witness over a period of thirty years.
This revised third edition contains expanded content in most chapters, including factors affecting the price of insurance, litigation related information, comparisons of the insurance industry to the automobile industry, as well as the addition of an index and new easier-to-read book formatting.
Who should read Inside the Insurance Industry - Third Edition? This book contains useful information for attorneys, new insurance company hires, risk managers, financial planners, business owners, college students taking insurance courses and individuals who purchase insurance to protect their financial well-being.
Sample areas of interest to readers include: -Mechanisms and processes by which insurance is sold-Identification of various distribution methods-Definitions of common industry terminology-Internal workings of insurance companies-Discussion of responsibilities of departments such as marketing, claims, underwriting, policy services, audit, loss control, legal, actuary, subrogation, internal audit, product development, information technology and management-Little known factors that impact insurance companies and policyholders-Factors affecting the price of insurance-How to get the best insurance deal-When (and how) to make an insurance claim-External resources available to assist purchasers of insurance-Consultants-Public adjusters-Risk management-Risk manager essential responsibilities-Sample case study-Litigation-related information-What the future holds for the insurance industryThis book is written in an easy-to-understand format which allows people with limited experience working with insurance to better understand many areas of insurance which were previously unknown to them. It contains just the right mix of broad and specific information.
All of the above are valuable reasons to purchase Inside the Insurance Industry - Third Edition. But the #1 reason for you to buy this book is that it will save you money!
Glaser, Kevin L.: - "My entire career has been spent in the insurance industry. And, having listened to others talk about their occupations, it seems there are many worse places to have worked!Insurance provides an important role in society. It allows individuals and businesses the financial security to take risks without worrying about the adverse impact of a property loss or being sued by others who may allege you were negligent. Think about it. If you had no automobile insurance, would you be willing to jump in your car with no concerns about paying for damages to your car, or for bodily injury to others, if you had to pay for these things out-of-pocket?Also, would you be comfortable manufacturing a product that might cause personal injury to a user if you or your business had to pay for such injury out of your corporate earnings? And what if your corporate earnings were insufficient? A worst-case scenario might involve bankruptcy. But the insurance industry has its shortcomings. In my opinion, many of the problems that exist are the direct result of a lack of understanding about how various segments of the insurance industry work. Consumers and businesses don't know how insurance agents sell insurance, how their insurance policies work or how insurance companies operate. My purpose in writing Inside the Insurance Industry - Third Edition was to provide answers to questions like these. And, while many people's eyes glaze over when the topic of insurance comes up, I believe that you will find this book easy to comprehend and a quick read."
