Emerging issues and global challenges of insurance management in the present scenario

Insurance management (IM) is a general term used to describe an insurance services firm. This type of company typically provides a range of insurance products. The product offering is typically focused on a specific sector of the market, such as businesses or individuals. Insurance is a service that allows the client to purchase protection against specific future perils. The cost of the insurance is offset by the services provided by the company, in the event of a loss. Within the IM sector there are three types of service providers: insurance services, insurance firms, and financial institution insurance. Regardless of the structure, the role of an IM company is the same, to provide access to insurance products and provide advice to potential clients. The insurance industry has grown considerably in the past 10 years, providing a dizzying array of products, services, and coverage. The services offered by an IM company are designed to streamline this product offering and simplify matters for clients.