Insurance Broker Essay

Isidro Cora Jar has been a State Farm agent for 25 plus years. He is a graduate of Akron University and received his bachelor degree in accounting. He worked his way through college, working three jobs in order to pay tuition every year. He always believed that working hard and being caring would be the best pay off in life. Being on his own since the age of eighteen, it taught him a lot that would carry on with him through out the years of raising a family, life skills and working at State Farm Insurance. When Mr. Cora was a senior in college, a manager approached him from state Farm, and decided to take advantage of the situation that he felt was best for him. As he entered the sales field, he had to start from the scratch. He wasn’t giving anything to start with, so he had to work dreadful hours, in order to build his cliental to open his first agency office.

business of insurance. But the lack of uniformity, loop holes, blind spots and deficiencies within

The claims adjuster industry is said to be where “Hail pays the bills, while Hurricanes buy the toys!” This only shows how lucrative and exciting the career is. But what about job security? If their expertise are only needed after

But we also lack the financial know-how to manage our money successfully”. She went on to say, “With a career as a financial specialist, you could help clients accomplish their lifetime goals. “To be able to express to the people that they can do the things they want to do—or send their child to college or purchase a house or retire early—is actual gratifying (Bureau of Labor Statistics 2014-15).” Financial Specialists are precious to the company. Although their daily tasks vary by occupation, their goals can be similar. For example, helping businesses make sound financial decisions is often a vital part of their work. Most of these workers need meticulous acquaintance of the rulebooks and protocols that apply to their jobs, such as accounting principles, tax codes, and financial regulations (Bureau of Labor Statistics 2014-15).” Next, according to the Bureau of Labor Statistics, employment of Financial Analysts are “projected to grow 16 percent from 2012 to 2022, faster than the average for all occupations (Bureau of Labor Statistics 2014-15).” A Finance Analyst added significant value

The career of a Real Estate agent is a unique work environment that has various opportunities and requires specialized study and various personal attributes to successfully run a real estate team or brokerage at a high level of business. As a result of research, l have concluded that a Real Estate career is a possible career choice for me.

Securities-Commodities-Financial Services Sales Agents have a demanding and stressful job because they usually have to deal with large sums of money, but overall the job I quite interesting. They usually buy and sell bond and/or stocks, but they also buy

Advancement opportunities for agents often take the form of higher commission rates and more and larger sales, both of which increase earnings. This occurs as agents gain expertise and contacts, and become more efficient in closing a greater number of transactions. Experienced agents can also advance in many large firms to managerial positions. And people who have received their broker’s licenses can open their own offices.

Read the Insurance Company ABC Inc. Participating Provider Agreement in this attachment. Assume that ABC, inc. has submitted this proposed contract to you in your capacity as chief negotiator for Independence Hospital. List at least three proposed changes which you would like to negotiate with ABC and explain your rationale for each change.

How did the Federal Emergency Management Agency (FEMA), the New Jersey emergency agencies and private insurance companies work together or did they? to help victims of the horrific winds and water associated with Hurricane Sandy? This paper delves into that issue.

Actuaries have many duties they analyze and measure uncertainty and both cost of risk. They heavily use statistics, financial theory, and mathematics to determine the risk that an event will happen and or occur; as a result, testing , designing , and testing is a included. In addition, they give a hand in clients and businesses developed policies which minimizes the cost of a risk. Actuarial work with insurance industries and are indeed essential.

In 2014, Suspending the Individual Mandate Penalty Law Equals Fairness Act (or the SIMPLE Fairness Act) implemented the delay of certain penalties proposed by the Affordable Care Act (ACA) (H.R. 4118). Introduced on February 28th, 2014 to the House, the bill was passed March 5th, 2014. The policy delayed penalties that were linked to the ACA’s requirement that U.S. residents needed to have health insurance coverage by 2014. The Act executed monthly penalties of $0 for any individuals that did not meet the minimum health insurance coverage by January 1st, 2015. Provisions of the policy applied to months after December 31, 2013. The original penalty started at 1 percent of taxable income in 2014, increasing to 2 percent in 2015,

The Insurance industry is very heavily state regulated. According to the Government Accountability Office (GAO) study, the state run regulatory system is Federal verses State Regulation protecting the markets, insurance industry and policy holders and was evidenced during the financial crisis of 2008-09. The insurance business is highly profitable. “Well-run companies can make a lot of money, which breeds competition” from both “inside and outside competitors” (Property, 2013). Insurance companies were well “insulated” from the “severe” financial crisis of 2007-2008 that affected the banks and security firms, because the State regulations have the Insurance Industry “walled off” from Federal Regulations (Property, 2013). During the “Great Depression of the 1930s” “Insurance policy holders were protected by the states’ prudent supervision and regulation” (Property, 2013).

They have to be able to use specific rules and methods to solve problems. They have to have the ability to solve complex problems to identify the problem and review related information to develop, evaluate options and provide solutions. They have to be able to talk to others and convey information effectively. Not only to talk to their co-workers, but talking to the customers in a way they can understand the information. They have to be able to understand written sentences and paragraphs in work related documents. They have to be able to use logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to the problem. They have to be able to consider the relative costs and benefits of the potential action to choose the most appropriate decision. By doing this, they have to provide the customer with the options and the costs for them to make the

What is having a career as an actuary? An actuary is a person who studies all types of insurance risk and premiums that mainly deals with measurements and other statistical issues. In this research paper, I will give a full description as to what it takes to become an actuary, I will explain all the kinds of training and education you will need in order to get this career and also what kinds of characteristics you will need. I chose to pursue this career because it provides a very high pay compared to all the other insurance-related careers and also the statistics portion of the job interested me quite a bit. They handle a lot of the mathematical issues with people and I actually somewhat enjoy math, math has been a favorite subject of mine throughout high school so this career would be a pretty good career to have for me in the future.

Insurance agents sell one or more types of insurance, such as life, property, casualty, health, disability, and long-term care (Edwards, 1999, A12). Agents sell insurance policies to individuals and businesses to provide protection against loss or catastrophe. Insurance agents consider the financial status and life situation of their clients, and assist them in selecting their optimal insurance policy. Some policies can be designed to provide retirement income, funds for the education of children, or other benefits (Edwards, 1999, A12).