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Insurance & Risk Management
6. Chapter 6: Insurance Company Operations/Important Functions Performed by Other Insurance Companies
6. Chapter 6: Insurance Company Operations Illustration
Syllabus Slides

Important Functions Performed by Other Insurance Companies

01.Core Concepts

Information systems are extremely important in the daily operations of insurers. Computers are widely used in many areas, including policy processing, simulation studies, market analysis, and policyholder services. The accounting department prepares financial statements and develops budgets In the legal department, attorneys are used in advanced underwriting and estate planning Property and liability insurers also provide many loss control services