Insurance Theory and Practice

Rob Thoyts

ISBN 10: 0415559057 / ISBN 13: 9780415559058

Published by Routledge Jun 2010, 2010

About this Item

This item is printed on demand - it takes 3-4 days longer - Neuware -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. The model is the UK insurance market which is globally recognized and forms the basis of the insurance system in a range of countries in the Middle East, Africa and the Caribbean as well as Australia and Canada. The book covers the underlying ideas behind insurance transactions, together with the legal and financial principles that permit these concepts to function in the real world. Key issues considered include: the role of the constituent parts of the insurance marketthe operation of both life and general insurers with special reference to the operation of the Lloyd's marketthe nature and function of reinsurers, brokers and loss adjustersthe influence of government, both in terms of market regulation and consumer protectionalternatives to the established private sector insurers, such as government schemes, Islamic insurance and alternative risk financing. 344 pp. Englisch.

Seller Inventory # 9780415559058

Bibliographic Details

• Title: Insurance Theory and Practice
• Publisher: Routledge Jun 2010
• Publication Date: 2010
• Language: English
• ISBN 10: 0415559057
• ISBN 13: 9780415559058
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 246W x 174H x 19D millimeters 246 millimeters width by 174 millimeters height by 19 millimeters depth
• Weight: 614 grams

About this title

Synopsis

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.

The model is the UK insurance market which is globally recognized and forms the basis of the insurance system in a range of countries in the Middle East, Africa and the Caribbean as well as Australia and Canada. The book covers the underlying ideas behind insurance transactions, together with the legal and financial principles that permit these concepts to function in the real world.

Key issues considered include:

• the role of the constituent parts of the insurance market
• the operation of both life and general insurers with special reference to the operation of the Lloyd’s market
• the nature and function of reinsurers, brokers and loss adjusters
• the influence of government, both in terms of market regulation and consumer protection
• alternatives to the established private sector insurers, such as government schemes, Islamic insurance and alternative risk financing.

About the Author

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