Insurance in Uganda assignment

(a) Define the term insurance contact

(b) Describe the steps followed when

i. Taking out an insurance policy.

ii. claiming compensation

(a) Explain the responsibilities of insurance companies to the business communities.

(b) Describe the categories of insurance policies.

(a) Explain the challenges facing the insurance industry in Uganda.

(b) Explain the factors that necessitate good relationship between the family and business.

(a) Explain the challenges associated with family business.

(b) Suggest solutions to overcome the challenges associated with family business.

(c) What is the importance of family savings in establishing business?

(a) Define the following terms as used in insurance

i. Insured

ii. Insurer

iii. Premium

iv. Sum insured

v. Risk

vi. Loss

vii. Co-insurance

viii. Surrender value

ix. Actuary

x. Over insurance

xi. Pooling of risk

(b) Explain the different types of insurance