This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Identify and discuss the key features of the online insurance industry. What will be an ideal ... (Read 71 times)

EY67

  • Hero Member
  • *****
  • Posts: 531
on: Jul 7, 2018
Identify and discuss the key features of the online insurance industry.
 
  What will be an ideal response?

Question 2

The major impact of Internet real estate sites is in influencing offline decisions.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bookworm410

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 7, 2018
Answer to Question 1

The insurance industry is part of the financial services sector. It has four major segments: automobile, life, health, and property and casualty. Insurance products can be very complex and have not become true online products. Some policies can only be explained by an experienced sales agent and there are many types of policies and products  for example, different types of non-automotive property and casualty insurance. In addition to the complexity of the product, other distinguishing characteristics make it difficult for a complete transfer to this new online channel. For instance, thousands of local insurance offices and agents sell complex products uniquely suited to the circumstances of the insured person and/or property. In addition, the industry is regulated not at the federal level but separately in each state, with differing regulations. While many national insurance underwriting companies initially did not offer competitive products directly on the Web because it might injure the business operations of their traditional local agents, the websites of almost all the major firms now provide the ability to obtain an online quote. Even if consumers do not actually purchase insurance policies online, the Internet has proven to have a powerful influence by dramatically reducing search costs and changing the price discovery process.

Answer to Question 2

TRUE


EY67

  • Member
  • Posts: 531
Reply 2 on: Jul 7, 2018
Thanks for the timely response, appreciate it

amynguyen1221

  • Member
  • Posts: 355
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Cushing’s syndrome. A photograph of a woman with the characteristic facial features of Cushing’s syn Cushing’s syndrome. A photograph of a woman with the characteristic facial features of Cushing’s syn
bio industry bio industry
Major features of the Solar System (not to scale) Major features of the Solar System (not to scale)
Surface Features on Europa Surface Features on Europa
Pierolapithecus catalunicus may be an ancestor of great apes and humans. Its postcranial skeleton sh Pierolapithecus catalunicus may be an ancestor of great apes and humans. Its postcranial skeleton sh
Wages and Machines in the Textile Industry, 1910 Wages and Machines in the Textile Industry, 1910
Video: Cardiac Cycle (Part 2 of 4)

For a complete list of videos, visit our video library