Employee Orientation Mini Project

OVERVIEW OF INSURNACE MARKET PARTICIPANTS IN INSURANCE MARKETThe participants in insurance market include all the list of insurance companies, details of companies providing brokerage , insurance agency companies , other agencies which has provision for other insurance services, details of entrepreneurs like insurance agents which are made to involve in agency activities. Other participants which are included in insurance market are list of all legal entities which are in charge of insurance agency to special law and all the agencies and outlets of which the operating licence has been rebuild. The supply and demand of insurance in the market is judged by various factors like low and limited present coverage, people don’t get easily ready to buy insurance as they take it more as a burden instead of profits , the social sectors are not included , less awareness regarding the concepts and procedures as people are not fully literate. Other issues like pricing , meeting up of challenges in designing of insurance products and operational capacity gaps etc also play a major role(brown, 2004). DEMAND OF INSURNANCEThe demand for insurance can e known by the following example: - suppose a consumer or a company has some possibility of suffering