保险学 Insurance Chapter 5.ppt

Chapter 5 Types of Insurers and Marketing Systems * * * * * * * * * * * * * * * Copyright ? 2011 Pearson Prentice Hall. All rights reserved. 5-* Copyright ? 2011 Pearson Prentice Hall. All rights reserved. Agenda Overview of Private Insurance in the Financial Services Industry Types of Private Insurers Agents and Brokers Types of Marketing Systems Group Insurance Marketing Overview of Private Insurance in the Financial Services Industry The financial services industry consists of: Commercial banks Savings and loan institutions Credit unions Life and health insurers Property and casualty insurers Mutual Funds Securities brokers and dealers Private and state pension funds Government-related financial institions Exhibit 5.1 Assets of Financial Services Sectors, 2007 ($billions) Overview of Private Insurance in the Financial Services Industry Changes in the financial services industry include: Consolidations The number of firms has declined due to mergers and acquisitions Convergence Existing financial institutions now sell a wide variety of financial products that earlier were outside their core business area Types of Private Insurers Size of the insurance market, 2007 Life and health insurers: 1009 These insurers sell life and health insurance products, annuities, mutual funds, pension plans, and related financial products Property and casualty insurers: 2723 These insurers sell property and casualty insurance and related lines, including marine coverages and surety and fidelity bonds Exhibit 5.2 Top Twenty U.S. Life/Health Insurance Groups by Revenues, 2007 ($ millions) Exhibit 5.3 Top Twenty U.S. Property/ Casualty Companies by Revenues, 2007 ($millions) Types of Private Insurers Insurers can be classified by their organizational form: Stock insurers Mutual insurers Reciprocal exchanges Lloyd’s of London Blue Cross and Blue Shield Plans Health maintenance organizations (HMOs) Other types of private insurers Types of Private Insurers A stock insurer is a co