In week I, as part of Trends in Supply Chain Trends, Amazon Warehouse Order Picking Robots, help Amazon achieve:
During our e-Commerce and Omni-channel class 5 Trends Video,…
During our e-Commerce and Omni-channel class 5 Trends Video, the presenter said, “Brand building is difficult but more important than ever in e-Commerce and building exchange intra-channels.”
In the Strategic Profit Model facilities can be a fixed asse…
In the Strategic Profit Model facilities can be a fixed asset or a logistics cost
A reciprocal exchange is managed by a corporation that is au…
A reciprocal exchange is managed by a corporation that is authorized to collect premiums, pay losses, invest funds, seek new members, and perform other functions. This corporate manager is called a(n)
Big Mutual Insurance Company would like to take advantage of…
Big Mutual Insurance Company would like to take advantage of financial services deregulation by acquiring a bank and a stock brokerage firm. Big Mutual, however, would have trouble raising the funds needed to make these acquisitions under the mutual form of organization. Big Mutual is planning to switch from the mutual form of organization to the stock form, and to issue shares of common stock to raise capital. This change in organizational structure is called
Which of the following statements about insurance brokers is…
Which of the following statements about insurance brokers is (are) true?I.They legally represent the insured rather than the insurance company.II.They are prohibited from being licensed as agents.
The purpose of the Financial Analysis Solvency Tracking (FAS…
The purpose of the Financial Analysis Solvency Tracking (FAST) system employed by the NAIC is to
Peggy is an independent insurance agent who places substanti…
Peggy is an independent insurance agent who places substantial amounts of business with XYZ Insurance Company. XYZ pays Peggy a bonus when she meets a sales goal. XYZ also allows Peggy to recruit and train sub-agents. She receives additional commissions based on the sales generated by the sub-agents. Based on this description, we can conclude that Peggy is a
State X’s premium tax rate is 2 percent. State Y’s premium t…
State X’s premium tax rate is 2 percent. State Y’s premium tax rate is 3 percent. State X insurers are required to pay the 3 percent rate on business written in State Y. State X requires insurers from State Y to pay a 3 percent premium tax on business written in State X, even though the premium tax rate is only 2 percent in State X. This practice is known as a
Mutual Property Insurance Company has a surplus of $2 millio…
Mutual Property Insurance Company has a surplus of $2 million. According to a conservative rule, how much in new net premiums can Mutual Property Insurance Company safely write?