' A business flourishing due to the probability of a risk's eventual outcome... '
These billion dollar multinational companies are owned by government entities and by the affluent private sector.
The industry thrives as claims paid are less than annual premiums earned.
Every industry with stakes in goods, infrastructure, people and asset take insurance to cover the probable risks on these assets including marine, in transit, professional indemnity and workers compensation.
Insurance purely runs through brokers who are freelancers or companies who earn commissions as their remuneration.
Individual brokers enjoy
" Million Dollar Table " status
when he / she crosses the
ONE MILLION DOLLARs premium mark.
Reinsurance is a business in which insurance companies take insurance of their very high value risks from other insurance companies specialized only in reinsurance business.
[ Individuals take insurance covering life, medical, disability, home, car, travel, etc, ]
Insurance covers every possible type of calamity envisaged viz., fire, floods, earthquake, riots, accident, hurricane, loss by theft, etc , but definitely not invasion from outer space !!!
- ERP software review and implementation assurance
- Valuation of Business
- Acquisitions, mergers, De-Mergers
- Sale of Business
- Private equity
- Investment advisory
- Improving systems and controls
- Statutory audits
- Internal audits
- Fraud investigations