Insurance Theory and Practice

This book provides a comprehensive overview of the theory, functioning, management and legal background of the insurance industry. Written in accessible, non-technical style, Insurance Theory and Practice begins with an examination of the insurance concept, its guiding principles and legal rules before moving on to an analysis of the market, its players and their roles and relationships.

Autorentext

Rob Thoyts is Senior Lecturer at London Guildhall University, and also lectures at the Chartered Insurance Institute and the Institute of Risk Management, UK.

Inhalt

Introduction 1. Insurance as a Risk Transfer Mechanism 2. Fundamental Legal Principles of Insurance 3. The Insurance Contract 4. Financial and Accounting Principles 5. The Structure and Regulation of the UK Insurance Market 6. Lloyd's of London 7. Reinsurance 8. Insurance Intermediaries 9. Claims Handling 10. Life Assurance 11. Pensions 12. Policyholder and Third Party Protection 13. Alternative Insurance Systems 14. The Role of Insurance in Risk Management Appendix I Appendix II