PRODUCTS OF INSURANCE COMPANIES IN KENYAN ECONOMY The insurance companies offer a variety of products to the individuals‚ small and mid-sized businesses as well as to the large corporates in Kenya. Some of these product are discussed below; PRODUCTS TO INDIVIDUALS Travel insurance cover The cover provides the following benefits to the travelers especially using the airlines or rail: emergency Medical and related expenses‚ personal accident cover‚ reimbursement of travel and accommodation expenses
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PROPERTY‚ LIABILITY AND PECUNIARY LOSS INSURANCE(PLPLI) PU‚ BBA-BI 6th Semester By Baikuntha Raj Timasina MBA‚ BEd TU Fire Insurance 2 Fire is a magnificent servant but a terrible master Insurance that is used to cover damage caused by fire is fire insurance Specified form of property insurance‚ designed to cover the cost of replacement‚ reconstruction or repair Policy cover damage to the building itself and may also cover the damage to nearby structure‚ personal property and expenses
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the VPI Pet Insurance‚ this insurance package is one of the options available in the market‚ with below average ratings. On Yelp‚ this insurance comes with 2 stars out of 5‚ and Consumer Affairs list this with 1 star out of 5 stars. According to collected reports‚ the usual complaints lodged against the insurance provider were low reimbursements‚ denied claims and unfair increases in insurance premiums. Common Complaints Against Nationwide Pet Insurance Also known as VPI Pet Insurance‚ this pet
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Supply Chain Management of a Service Organization (Insurance Company) – By Roshan Collas ----------------------------------------------------------------------------------------------------------------- Assignment 01 You have been recently appointed as the supply chain consultant to a company (Choose a local organization that you work with or one which you are familiar with. The organization may be any type of company offering a product or service being sold locally or internationally).
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Create an ‘Academic Insurance Model’ for each of 4 scenarios. Group project for Session 3. Each group acts as an insurance company. You are required to offer an insurance policy to our entire current Health Economics class that insures against a student either getting a grade of ‘C’ or lower (including ‘I’ turning into ‘F’) or withdrawing from the class towards the end of the semester. If either of those happen to a policy holder‚ you are required to pay that policy holder. You are NOT trying
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Non-disclosure covers a situation where insured party failed to disclose the material facts‚ even if he may not be asked directly. This fact is known by the insured‚ and insurance company will not know at the point of accepting the insurance coverage. Under English law‚ all parties to an insurance contract are to act in uberrimae fidei (utmost good faith). Insured must disclose all material facts (ie: subject matters that will affect an underwriter decision whether to accept the risk)‚ even it’s
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follows: Social Security rate is 6.2% on $97‚500; Medicare rate is 1.45%. To date his cumulative wages are $6‚000. Each pay check‚ his employer also deducts $42.50 for the health Insurance. What is his net pay? (Calculate FIT by percentage method) Gross earnings $1‚200 weekly Total deductions = $42.50 Health insurance +1.45% of weekly salary=1.45%=0.0145*1‚200=17.40 +6.2%=0.062X1200=74.40 Social Security =42.50+17.40+74.40=$134.30 FIT = $17.40+74.40*2=$183.60 Answer: Net pay =
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The legal and insurance implications of staging a concert. Before staging a concert in a locality‚ there are some areas that need to be considered like: • Organizational structure and legal status • Event Ownership • Contracts and agreements • Licences and permission • Insurance Organizational
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programs: Firstly‚ after the training‚ the new employees should know well about the products of ACE Life‚ and they must know the sales process of ACE Life. Secondly‚ the employees are required to improve their understandings of different kinds of insurances‚ moreover‚ after relevant classes‚ the employees must develop a good habit of selling and improve their mentality. Finally‚ some vital knowledge and skills are necessary for the employees to know‚ including UL‚ MCI‚ CIB‚ FD‚ CWL and Riders. It is
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Introduction Engineering Inspection & Insurance Company (EIIC) was founded in 1952 by Warren Rodman. Before 1990‚ they was a small but highly successful company that offers machinery and insurance services. After years of above average growth and profits‚ they are moving backward from the industry average‚ policy delivery times are excessive and morale is low. They need to change their current strategy as it is no longer effective. The issues they are facing is not only internal but also face
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