01.Core Concepts

6.1 Explain the rate-making function of insurers. 6.2 Explain the steps in the underwriting process. 6.3 Describe the sales and marketing activities of insurers. 6.4 Describe the steps in the process of settling a claim. 6.5 Explain the reasons for reinsurance and the various types of reinsurance treaties. 6.6 Explain the importance of insurance company investments and identify the various types of investments of insurers.