Article Abstract:
Insurance companies and agencies should focus their college recruiting among students who have majored or concentrated in risk management and insurance (RMI), rather than recruiting liberal arts majors. There are over 200 colleges and universities in the US and Canada that teach RMI, 60 of which offer majors, minors, or concentrations. Insurance companies should participate in both general and specialized RMI job fairs on campus, offer summer internship programs, establish long-term relationships with any local RMI program, and use alumni databases to recruit more experienced candidates.
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Article Abstract:
The private passenger car insurance sector will witness a rapid increase in teenage drivers and a change in ethnic mix. Persons aged 15-19 will rise by 25.9% from 17.8 million in 1995 to 22.4 million in 2010. Since teenagers have high accident involvement, they are deemed a high risk group with higher premiums. The insurance sector must also develop new guidelines to meet the projected increase in the Asian and Hispanic population.
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Article Abstract:
Securitizing insurance risk will enable the property and casualty insurance industry to expand the coverage of risk during natural disasters and to supplement the reinsurance market. This expansion is achieved through the sale or transfer of risk through an investment security. There have been at least six such transactions implemented between 1994 and 1996.
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