A Brief History Of Metlife, Inc.

Prior to this shift, government involvement in health insurance services was minimal since it seemed to be under control by the non-profit sector. There didn’t seem to be an urgent need to control or universalize health care at the time. The government’s first interest in the health care industry sparked when employers began providing health care benefits as a competitive advantage for recruiting workers back into the workforce during World War II. To help cope with the rising unemployment rates, the government would offer tax incentives to employers providing these benefits. (add Quote)

Aflac (American Family Life Assurance Company) was founded in 1995 by John, Paul and Bill Amos in a small six-room complex in downtown Columbus Georgia with just 16 employees and 60 agents.

An assessment of the company’s financial statements will highlight the firm’s management of its risk and opportunities.

* The report to be written such that it can be understood by a person with limited understanding of financial analytical tools. Furthermore, the report is to be no more than 600 words and it should include sections: Summary, Methodology, Recommendations and Limitations.

Benjamin Franklin helped to establish in 1752, what it would be the first mutual insurance company. For many years, the United States government never considered necessary to incorporate a system that would compensate their citizens in case any injury, accident or loss happen to them. It wasn’t until 1735 the first underwrote fire insurance company was created; in Charleston, South Carolina. Underwrite insurance companies are the ones, that analyze all the risk of insuring a particular person or asset and uses that information to set a premium pricing for insurance policies. But it took 20 years to create the first mutual insurance company, one in which policyholders would come together to share the risk.

1929: First offering of prepaid hospital insurance to members of a teachers union in Texas. Offering insurance for the employed effectively screened out unhealthy people and kept the risk low. Primary goal was to provide a steady flow of income to hospitals during the Great Depression, when hospital revenue dropped.

Farmers Insurance opened a tiny one-room office in Los Angeles, California in 1928. The company was formed by John C. Tyler and Thomas E. Leavey in order to serve local farmers and their vehicles. The two men “knew from experience that farmers and ranchers experienced fewer risks with their vehicles and were entitled to preferred rates” (Farmers Story, 2016). Tyler and Leavey used their own money to start their company and in order to obtain policy holders, they went from farm to farm.

Health insurance in the United States is a relatively new phenomenon. The first insurance plans began during the Civil War (1861-1865). The earliest ones only offered coverage against accidents related from travel by rail or

Financial Management: Since the broader healthcare environment was undergoing great changes, Liberty’s price advantage was deteriorating, as was their level of service. Hence the need retain their price advantage and complete on quality and service.

Next, Geico’s marketing element of place needs to be reviewed. Geico originally started with marketing its insurance in Washington, D.C. where there was a large concentration of government employees. In 1964, Geico Insurance became publicly traded and expanded its insurance offerings. Now, Geico Insurance is offered in all states. Geico implements this element of the marketing mix with a direct channel of distribution. The product or service goes from Geico directly to the customer. This unique approach is used by Geico as most insurance companies in the industry use agents to sell their product.

This document is authorized for use only in Financial Management23 by Dr. Raj, at Institute of Management Technology - Dubai from January 2015 to July 2015.

Review of Financial Research Report: This assignment is an analysis of a US publicly-traded company; its common stock could be a prospective investment.  The report is due in Week 10, in needs to be at least 5 pages, and it needs to cover the following topics:

The aim of this report is to recommend whether or not a publicly traded company has been is worth investing in. The company chosen in this case is JPMorgan & Chase which is a large financial institution. This report is going to use a financial rational formed by the analysis of various financial metrics.

For my sales manager interview I was fortunate enough to interview Chad Keaton, a wealth management advisor and a managing director of Northwestern Mutual. Mr. Keaton graduated from East Tennessee State University in 1989 with Bachelor of Business Administration in Marketing. Moreover, he joined Northwestern Mutual in 1993 and now it has been almost 20+ years since he has been in sales and sales force management with Northwestern Mutual here in Knoxville, TN. Founded in Milwaukee, Wisconsin, Northwestern Mutual, as a middle west based company, started up with the earliest life insurance services in 1857. Even though, Northwestern Mutual has always been prominent for its life insurance products, the innovation and diversity in various financial services of business are undeniably more attractive. Risk management, wealth accumulation, wealth preservation and distribution are some of the major needs that Northwestern Mutual offers to the public with many specializations.

When USAA started in 1922, they were a property and casualty insurance company however, with time they expanded their services to their members and became a financial institution.