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Insurance sector in india
Title: Insurance sector in india
Category: Business & Economy
Details: Words: 5364 | Pages: 22.8 (approximately 235 words/page)
Insurance sector in india
CHAPTER 1
INSURANCE INDUSTRY-An overview
The insurance industry provides protection against financial losses resulting from a variety of perils. By purchasing insurance policies, individuals and businesses can receive reimbursement for losses due to car accidents, theft of property, and fire and storm damage; medical expenses; and loss of income due to disability or death.
Insurance business is divided into four classes :
1) Life Insurance business
2) Fire
3) Marine
4) Miscellaneous Insurance.
Life Insurers transact life insurance business; the rest …showed first 75 words of 5364 total…
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…showed last 75 words of 5364 total…trail, call center agents, representatives and brokers are freed up to focus on the more strategic activities--like servicing customers.
Today's insurance companies certainly face a daunting challenge in maintaining and increasing their competitive edge. But by focusing on three key imperatives--gaining a unified enterprise view of customers, retaining customers with great service and controlling costs while expanding--insurance companies can turn challenges into strategic competitive advantage and enhance their long-term viability and profitability.
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