This paper assesses insurance firms by examining the key characteristics of four principal insurance types: life, marine, vehicle, and health/medical. It emphasizes the distinctions among these types in terms of risk coverage, premium structures, claim settlement processes, and regulatory oversight. The study evaluates how these factors influence the operational efficiency and financial performance of insurance companies, considering the specific risk profiles and challenges inherent to each category. By comparing these insurance forms, the paper aims to clarify how product-specific attributes inform firm strategies and affect consumer trust. The findings provide a basis for more precise evaluation of insurance firms according to the nature of the insurance products offered, thereby contributing to a better understanding of the diverse operational dynamics within the insurance sector.
Premium, Underwriting, Claim Cost, Risk Factor, Loss Distribution, Contract, Insurer, Insured, Commission, Profit Loading.
International Journal of Trend in Scientific Research and Development - IJTSRD having
online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International
Journal which provides rapid publication of your research articles and aims to promote
the theory and practice along with knowledge sharing between researchers, developers,
engineers, students, and practitioners working in and around the world in many areas
like Sciences, Technology, Innovation, Engineering, Agriculture, Management and
many more and it is recommended by all Universities, review articles and short communications
in all subjects. IJTSRD running an International Journal who are proving quality
publication of peer reviewed and refereed international journals from diverse fields
that emphasizes new research, development and their applications. IJTSRD provides
an online access to exchange your research work, technical notes & surveying results
among professionals throughout the world in e-journals. IJTSRD is a fastest growing
and dynamic professional organization. The aim of this organization is to provide
access not only to world class research resources, but through its professionals
aim to bring in a significant transformation in the real of open access journals
and online publishing.