what is the relationship between marketing and underwriting within an insurance company?
111834
Underwriting determines who should be insured, classifies them according to risk, and determines rate structures.\n\nMarketing then convinces those people they should insure with the company.
13136
doctors and insurance firms
1097516
Large companies usually get more leverage, as anyone typically does when buying in big numbers.  It's not so much the insurance company as a few other factors, including but not limited to:\n\n- The specific plan chosen by the company.  Different insurance companies have different levels of coverage, just as auto-makers have their economy and luxury lines.\n\n- The portion of the insurance the company's willing to pay for. Your employer picks up a portion of your premiums and the part that gets deducted from your paycheck (usually bi-weekly) is the portion you're responsible for.  The more your employer's willing to pay, the lower your premiums will be and the better off you are.  This has more to do with your job and who you work for than the actual insurer.\n\nDepending on the coverage you're getting now, how much you're paying, your age and your overall health, you may find it worth your while to look into the individual market.  Generally, people without any serious medical conditions are more apt to finding better deals but it can't hurt to see what's out there.  If you're interested in this, I can gladly point you in the right direction.
487259
Many pre-existing conditions are covered from day one of the insurance. Rules depend on your state laws. In Florida if you disclose it and they do not rider it, it is covered. Some questions underwriting will ask are: Osteo or Rheumatoid? Prescription or OTC drugs? Physical therapy required? Hip, knee or back involved? surgery planned? Here in Florida Aetna does not use riders only markups in price. Aetna may be good for you if problem is a mild one.
611935
Dear Prospective Employer,\nThis reference letter is provided at the request of Jay Bean, who has asked me to serve as a reference on his behalf. It is my understanding that Jay is being considered by your esteemed institution for the employment. Please be advised that the information contained in this letter is confidential and should be treated as such. The information should not be disclosed to Jay, [if he has waived access] or anyone in your organization who would not be involved in the decision regarding this individual. Additionally, the information should not be disclosed to anyone outside of your organization without the consent of the applicant. \nJayis a multi-talented life insurance expert (underwriter, trainer, IT savvy, strong financial skills) of the highest caliber, who meticulously researches, justifies his decisions, and helps in knowledge management.  I've received many compliments from Sales Managers who rely on his underwriting acumen. Management and personnel in tech support, training, and other departments praise his work. \nHow long have you known the applicant? I have known Jay professionally for over 2 years and 7 months\nWhat was the nature of your relationship? \nAs Chief Manager of Client Servicing desk had daily interaction with Jay as he was my counterpart at ABC Life Insurance being the Chief Manager Underwriting. His ability to break down the most difficult of the insurance concepts for better understanding made him a “generalizing specialist” on the shop floor.\n\nPlease comment on the applicant’s academic attainments. \nHis academic brilliance can be understood from the way he was able to learn, improve and grow on the shop floor. Jay is the only underwriter ever to be sent from ABC Life to Old Mutual, South Africa and RGA South Africa, for training. He joined us in April 2003 as Manager Underwriting and within a year was re-designated to Senior Manager and the very next year promoted as Chief Manager Underwriting responsible for the underwriting function at ABC Life directly reporting into the Vice President Underwriting. His growth at ABC was unheard of and his ability to create and design software applications without any technical education helped him design ABC’s first automated underwriting solution.\nPlease comment on the applicant’s personal character. \nJay is a very easy to get along kind of individual. He always went out of his way to explain critical underwriting terms/ decisions to the Customer Support Executives. His fierce streak of loyalty to his team members made him popular in both senior management and his team. Coming from GE he was always immaculately particular about his interaction with employees of the opposite gender and was always held in high regard for his integrity.\n\nPlease indicate your overall evaluation of the applicant. \n√ Strongly recommended \nRecommend  \nRecommended with reservation \nNot recommended \n\nPlease make whatever additional comments you wish. \nJay Bean Chief Manager Underwriting ABC Life Insurance Company\nEmployee Performance  \n     Top 10%  Top 25%   Average Cannot Judge\nOrganization √   \nSoundness of Judgment√  \nVerbal Communication Ability√    \nWriting Ability          √  \nCompetence In Chosen Field√   Motivation to Succeed √ \nCreativity or Research Potential√\nWork Habits √   \nEmotional Stability √  Professional Behavior √  Interpersonal Relationships  √  \n\nJay is an innovative self-starter, who rarely needs supervision. He is punctual and typically exceeds expectations.  He handles pressure well, and will voluntarily work overtime to meet a deadline.  For example, we received a last minute approval from senior management to proceed with automation in underwriting, including critical user documentation.  Jay not only made the extremely tight deadline, but beat it; yet he still produced stellar, technically-accurate, standard product specifications.  New Business, Underwriting, Sales, train
13209
Depends on the type of cancer and how far along the treatments are.  The best bet is to contact a local life agent and give them all the information. Don't try to hide anything because it could result in a denial of payout down the road.  A local agent can talk with their underwriter to determine if they can write the policy and at what health class.
216934
group insurance is provided to several people who have a common employer, organization, etc. Example, your job, alumni association, automobile club, etc. \n\nindividual insurance is when you purchase it for yourself. \n\ngroup insurance is not individually underwritten, so if one member would not qualify on his own, they would be covered under the group.
214688
It would be an insurance broker who represents insurers that specialize in one line of insurance or a particular industry, for example. \nThe brokers can provide a number of other services you may not think of like risk assessment or risk mitigation which can help you get lower premiums.  \nUsually the broker gets paid by the company through commissions.  You may only have to pay a small policy fee in addition to the premiums.
383843
What kind of underwriting?  Insurance?  If so, run like hell.  Do not get into that business.  I have been there for 20 years and cannot get out!
709944
Simple answer:  only those companies that are financially strong enough to keep their promises to policyholders.\n\nBut, it's not that simple.  You'd also want a company that values you as an agent and compensates you accordingly.  Many carriers and general agents don't treat their field representatives very well.  \n\nInterview several agents that have been in the insurance market you want to work (property casualty, life, annuities, etc.) and find out what they recommend.  Old-timers may not be the best source of information.  Include some younger agents, as well.
605963
look in the yellow pages for insurance agents- look for an agent with CLU- after his name- that means Chartered Life Underwrier- this person has passed ten different areas of study and is very knowledgeable on insurance matters- they are a big cut above other agents in knowledge--also look for ChFC- Chartered Financial Consultant- another 3 or 4 areas of study passed- and or CFP- Certified Financial Planner- this is also good- yet CLU's know more about insurance than CFP's do--I am a retired insurance broker, and a retired CFP, CPA, & LUTCF-another insurance designation--good luck to you- also- choose a mutual life insurance company- they will pay you dividends or part of the company profits that other cos wont pay you !!!
281807
Customer buying behavour depends on several factors one of which is level of involvement.\nInvolvement is:\n- Level of interest in the product.\n- Importance of the product.\n- Consequences of buying the product.\nMoreover, percieved risk is associated with buying products:\n- Physical risk.\n- Financial risk.\n- Performance risk.\n- Time risk.\n- Social risk.\n- Ego risk.\n\nProducts that have high involvement are usually those that are expensive (cars, house etc.) and those products that are seen by others (suits, dress, accessories, etc..)\n\nProducts that have low invovement are usually cheap and un-seen products (sleeping clothes, grocery, etc..)
69732
The name of an insurance company.
293161
Partner with an expert in other fields.  I have arrangements with P&C agents, annuity agents, etc.. where I strictly handle the life insurance for their clients and refer my life clients to them for P&C.\n\nWe do splits on cases. It has been tremdous revenue boost for all parties.
772029
A couple of things.  "Admitted" carriers are licensed to do business in your state - and subject to the rules and regulations, and SUPERVISION, of your state insurance department.  So if you have any problems, complaints, etc, you can write to the insurance department, and they will intervene.  Their policy forms have also been approved (or are on file) with the same insurance department. \n\nPolicies issued through non-admitted companies are subject to a state tax and stamping fee, and frequently an inspection/audit fee, as well.  \n\nHOWEVER.  Nonadmitted companies have more flexibility, and are more willing to be "creative" in their underwriting.   They will frequently write higher risk accounts, such as a demolition contractor or lead paint abatement company.  \n\nIf you're buying insurance, and considering a nonadmitted carrier, be very careful to check www.ambest.com for the financial rating - you do NOT want to buy insurance from a company that is rated lower than A-, or smaller than a V.  \n\nThere are some very, very good non-admitted companies out there - Scottsdale comes immediately to mind.  So don't write them off just because they aren't admitted - you really need to compare costs and coverages as well.
965
Case studies of work your agency has executed for other clients is always effective. Hopefully your case study will highlight work for a company closely related to your target.\n\nBusinesses are very interested in ROI - Return On Investment. Therefore, present metrics you've used to track previous campaigns, as well as the "win" your client realized.\n\nAs with all advertising, building a brand is important. Therefore, try to market your company in ways that highlight your brand attributes.\n\nRemember that in your case, you have at least two target audiences: future clients and future employees.
12983
It depends on your insurance carrier, whether or not you run a business in your home or if te worker just happens to be going to your home for a specific reason, but normally works elsewhere, and it probably isn't a good thing to mention that you pay them under the table.  \n\nIt also makes a difference in how you present the loss/liability to your insurance company.\n\nSo it isn't a black or white answer, you need to offer much more information.