Business Functions In Insurance
No large scale business could possibly function freer without transferring many of its risk to insurers.
Business functions in insurance. Assistance to the business enterprise. Functions of an insurance company 1 provides reliability. The business functions content can be used as a starting point for extending the process models contained in the analysis process model as part of a top down development methodology.
Functions that show the core processing activities of insurance institutions. Instead of this uncertainty it provides the certainty of regular payment i e. The money you pay for your business s many insurance premiums might seem to be a waste especially if you never claim a loss.
The main function of insurance is that eliminates the uncertainty of an unexpected and sudden financial loss. This is one of the biggest worries of a business. The premium to be paid.