Audit of Insurance

• :B

  
• :B

  
• :C

  functions: provides reliability

  
• :D

  functions

  
• :B

  functions: pooling of risk

  
• :C

  
• :C

  functions: legal requirements

  
• :D

  Functions: Capital formulation

  
• :C

  Functions: Legal requirements

  
• :B

  
• :A

  
• :C

  
• property insurance


  broad term for a series of policies that provide either property protection coverage or liability coverage for property owners
• Life insurance


  is a contract between an insurance company and a policy owner in which the insurer guarantees to pay a sum of money to one or more named beneficiaries when the insured person dies in exchange for premiums the policyholder pays during their lifetime.
• :B

  
• Term life insurance


  Common terms for this insurance are 10, 20, or 30 years.
• permanent life insurance


  more expensive than term, but it stays in force for the insured’s entire life unless the policyholder stops paying the premiums or surrenders the policy.
• Top Five (5) Life Insurance in the Philippines

  
• Disability insurance 


  is a type of insurance product that provides income in the event that a policyholder is prevented from working and earning an income due to a disability
• Health insurance 


  is a contract between a company and a consumer. The company agrees to pay all or some of the insured person's healthcare costs in return for payment of a monthly premium.
• Auto Insurance 


  When you buy or lease a car, it's important to protect that investment. Getting this insurance can offer reassurance in case you're involved in an accident or the vehicle is stolen, vandalized or damaged by a natural disaster.
• pension plan


  defined as a retirement plan where both employers and employees contribute capital into a pool of funds put aside for future pension payments.
• Retirement Income 


  Pension funds provide a source of income in retirement, helping to supplement other sources of income such as Social Security or personal savings.
• Investment Opportunities


  Pension funds can invest in a wide range of assets, including stocks, bonds, and real estate, providing opportunities for growth and diversification.
• Long-Term Focus 


  Pension funds are typically managed with a long-term focus, which can help to mitigate the impact of short-term market fluctuations on retirement savings.
• Employer Attraction and Retention Offering 


  a pension plan can be an effective tool for attracting and retaining talented employees, particularly in industries where retirement benefits are highly valued.
• Economic Impact 


  Pension funds can play a significant role in the economy, as they provide capital for investment, contribute to financial stability, and support long-term economic growth.
• Government Savings


  Pension funds can also help to alleviate the burden on government pension systems, as individuals are responsible for funding their own retirement through private pension plans.
• :C

  
• C

  
• :D

  
• :C

  
• :C

  
• :C

  
• :C

  
• :C

  
• Investment banking


  is a special segment of banking operation that helps individuals or organizations raise capital and provide financial consultancy services to them. They act as intermediaries between security issuers and investors and help new firms to go public
• BUY SIDE


  side that provides money management services and makes buy-hold-sell decisions. It serves as a broker to large institutional investors like mutual funds
• SELL SIDE


  side that is involved with liquidity, specifically trading securities for cash, selling shares of IPOs, and facilitating mergers and acquisitions. It also conducts research and engages prospective new business.
• CDA