Risky Business: Principles of Auditing Property and Casualty Insurance

After numerous discussions with other insurance auditors over the years, it was clear that there was a need for a comprehensive guide to help new auditors trying to perform their jobs and also help experienced auditors performing reviews in areas they had not previously audited. I have leveraged my experience as an underwriter, claim adjuster, and auditor as well as interactions with auditors at various insurance companies to incorporate best practices to write this book. --Seth Davis Insuring valuables, commercial or personal, has become a $750 billion per year industry in the United States alone. Insurance companies, unlike traditional manufacturing companies, often don't realize the true costs of their products when sold. Insurance comapnies rely on actuarial estimates to determine expected claim costs. When you consider the vast array of complex products, each one has unique underwriting and claim considerations that auditors should be aware of in order to mitigate risks. Risky Business provides readers with an overview of the P&C industry and takes a closer look at background information on departments generally found in insurance companies. The book is intended to help insurance auditors effectively add value within an insurance company by helping it manage the risks and maintain compliance with laws and regulations. At the conclusion of various chapters, readers will find a helpful tool to develop an audit program.
ASIN: 0894139711
VSKU: BVV.0894139711.G
Condition: Good
Author/Artist:CPA|CIA|Seth A. Davis|CPCU|CFA|CISA
Binding: Paperback
Note: Any images shown are stock photographs and product may differ from what is shown.
Condition Notes: The item shows wear from consistent use, but it remains in good condition and works perfectly. All pages and cover are intact including the dust cover, if applicable . Spine may show signs of wear. Pages may include limited notes and highlighting. May NOT include discs, access code or other supplemental materials.