sales of insurance products: a developing-country case S.A. Aduloju Department of Insurance and Actuarial Science‚ University of Lagos‚ Lagos‚ Nigeria A.O. Odugbesan Formerly of Department of Business Administration‚ University of Lagos‚ Lagos‚ Nigeria‚ and S.A. Oke Department of Mechanical Engineering‚ University of Lagos‚ Lagos‚ Nigeria Abstract Purpose – Characterized by declining goodwill and exemplified sharp drop in gross premium‚ the Nigerian insurance industry
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1. DENTAL INSURANCE As we know that poor care of mouth and teeth can affect a person general health and well-being throughout his life. Generally‚ when this problem comes‚ there is a need to start seeing a dentist regularly…and everyone knows a hole in tooth can put a bigger hole in wallet…that costs money! Because dental disease is so common‚ being protected by dental insurance and using it wisely is essential safeguards for any individual or a family. Dental insurance provides with an effective
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FIRE INSURANCE WHAT IS FIRE INSURANCE? Fire insurance is a contract under which the insurer in return for a consideration (premium) agrees to indemnify the insured for the financial loss which the latter may suffer due to destruction of or damage to property or goods‚ caused by fire‚ during a specified period. The contract specifies the maximum amount‚ agreed to by the parties at the time of the contract‚ which the insured can claim in case of loss. This amount is not‚ however‚ the measure
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Insurance Sector in India Last Updated: August 2013 Brief Introduction Currently India is a US$41 billion industry. Currently‚ in India only two million people (0.2% of the total population of 1 billion) are covered under Mediclaim‚ whereas in developed nations like USA about 75% of the total population are covered under some insurance scheme. A robust insurance sector is a boon to a country’s economy. The sector facilitates long-term funds for infrastructure development and simultaneously
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PART 1 SWOT Analysis 1.1 Industry Analysis Porter’s five forces analysis is presented as below for industry analysis of Kathmandu: Industry Competition→High | * Leadership in clothing and equipment retail in Australia and New Zealand. * Competitors within this area include | Barriers of entry→Medium-High | * Relatively low level of product design differentiation * High barriers for technically credible products | Threat of substitutes→Medium-High | * A wide variety of other
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Case Analysis of Kota Fibers‚ Ltd Name Date Executive summary Kota Fibers‚ Ltd engages in yarn production in Kota Town‚ India. Textile millers use the yarn to make traditional dresses (saris) for women in India. Kota Fibers has been in operation since 1962 and has over the years faced an annual growth rate of 15 percent. This due to the rapid growth of the female population in India. In January 2001‚ the Managing director of the company Ms. Pundir realized that the company has been
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Company Name: Greens & Co. Research Subject: Market Research for Exporters This Case study is based on the largest and most successful supermarket chains in the UK‚ Greens & Co. for the purpose of doing a market research to enter the American Grocery market. I have tried to answer the given questions as I have understood the Case study and the market research strategies taken by Greens & Co. 1. Identify the types of market intelligence that Greens & Co. used to move into the US
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haggling with the owner or sales man. Tiffany also departed from the norm by insisting on cash payment rather than extending credit or accepting barter. Tiffany’s also sold watches and clocks‚ a variety of ornaments and bronzes‚ perfumes‚ hair and skin products‚ dinner sets‚ moccasins‚ belts‚ and numerous other cute knick knacks. Charles also = introduced sterling silver to the United States in 1852‚ a year after contracting John C. Moore to produce silverware exclusively for Tiffany’s. Tiffany’s
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between insurance and hedging Insurance is generally an action taken to offset the impact of a negative event. Taking out insurance is a bet that something bad may happen and that protection against it is needed. Hedging is a type of insurance. However‚ hedging is a markedly different method of insurance from home‚ auto and flood insurance. Hedging refers to any series of actions taken to offset the potential risk of losses on a financial investment. Medical‚ home‚ auto and flood insurance policies
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University of Phoenix Material Insurance Matrix Directions – Matrix For each type of insurance listed in the matrix‚ identity three functions‚ three coverage characteristics‚ and three companies that offer this type of insurance. |Type of Insurance |Functions |Coverage Characteristics |Companies That Offer It | |Auto |Protect the owner of the vehicle
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