Page 172 - Ebook health insurance IC27
P. 172
The Insurance Times
Actuaries l Determination of rates
l Changes in rates with actual experience
Underwriters l Classification and segmentation
Finance l Internal tariff development
Marketing and sales l Underwriting analysis
department
Regulators l To decide whether to accept or reject the risk
l Loading of premium
Government l Providing discount
l Renewal of policies
l Determine solvency margin
l Requirement of capital
l Adequacy of income and expenses
l Limit of Management expenses
To set a target for sales personnel
l review the performance
l competitors information
l developing sales channel
l Cross selling of product
l analyse the overall performance of the sector
l frame policies
l review solvency margins
l file and use procedures
l customer education and awareness
l Consumer Grievance Redressal
l penetration of insurance
l Analyse performance of sector
l frame social sector schemes
176 Guide for Health Insurance
