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Responsible for signing checks and documents on behalf of the company Evaluates the success of the organization Reports to the board Legal Secretary Responsible for drawing up contracts and other legal documents for the company Produces information by transcribing, formatting, inputting, editing, retrieving, copying, and transmitting text, data, and graphics; coordinating case preparation.
Provides historical reference by developing and utilizing filing and retrieval systems; records meeting discussions; maintains transcripts; documents and maintains evidence. Head of Premium Collections Responsible for the collection of premiums for the organization Works with software developers to develop efficient and easy to use premium collection software Advises the organization from time to time on how to improve and increase premium collections Collaborates with the head of sales and marketing to ensure that our insurance policies holders does not allow their policies to lapse Follows up on premium payment and send reminders from time to time to our policy holders to pay their premium Responsible for resolving any premium issues with our bank and policy holders.
Keeps proper record of claims that are paid out by the organization Supervises the claims department Responsible for overseeing the smooth running of HR and administrative tasks for the organization Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs. Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
Enhances department and organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments. Defines job positions for recruitment and managing interviewing process Carries out staff induction for new team members Responsible for training, evaluation and assessment of employees Responsible for arranging travel, meetings and appointments Oversees the smooth running of the daily office activities.
Responsible for financial forecasting and risks analysis. Performs cash management, general ledger accounting, and financial reporting for one or more properties.
Part of what our team of business consultants did was to work with the management of the organization in conducting a SWOT analysis for May flora insurance brokers.
Here is a summary from the result of the SWOT analysis that was conducted on behalf of May flora brokers. Before that it is important to state that we have taken this really seriously. It is compulsory for a business to haven a record of its core strength. Its core strength lies in the power of our team; our workforce.
We have a team that can go all the way to give our clients value for their money. We are well positioned and we know we will attract loads of clients from the first day we open our doors for business. We also have an efficient and effective customized software application that will help carry out seamless insurance activities.
As a new insurance agency in the United States, it might take some time for our organization to break into the market; that is perhaps our major weakness. One thing is certain, a weak economy is one major factor that is limiting growth opportunities for the insurance industry.
Come to think of it, there is hardly any business or investment opportunity that does not come with its own fair share of threats and challenges.
This is why most organization conduct risk assessment on a regular basis so as to enable them produce strategies that will help them stay afloat in the industry. Another major threat and challenges that we are likely going to face when we start our insurance business is of course the arrival of other insurance agencies in same location where ours is located and perhaps sell same insurance policy covers as we do.
For sure if we have been able to come up with workable and winning strategies that will help us outsmart our competition in the location where our insurance agency is going to be located. With that, we are likely not going to struggle to grow our insurance company and also retain some of the best hands under our employment.
Over and above, just as in any other business and investment vehicles, economic downturn, unstable financial market, natural disasters and unfavorable government economic policies can hamper the growth and profitability of an insurance company.
It is the practice in the insurance industry for most major insurance agencies to exist as insurance groups; they usually partner with holding companies. This practice has loads of benefits and as a matter of fact insurance groups are known to survive the turbulence in the insurance industry year after year and the survivability of single insurance agencies is pretty low.
This is why you may hardly find an insurance broker that is not into the sale of various insurance policy covers ranging from motor vehicle insurance policy to pet insurance policy cover to marine insurance policy cover et al.
Another trend in the insurance industry is the creativity in premiums collections. Most insurance agencies know that the survival of their business lies in the regular payment of premiums which is why they have to go all the way to put system and processes in place that will help the collect premiums from the policies holders with ease.
If you keep tabs on successful insurance companies you will realize that they leverage on technology internet and software applications et al in running their business.
Our Target Market Although May flora insurance brokers will initially serve small to medium sized market in and around New York City — New York, but that does not in any way stop us from growing to be able to compete with the leading insurance companies selling our insurance policies in the cities in the United States.
We hope to someday merge or acquire other smaller insurance companies and expand the sales our insurance products and business beyond the shores of the United States of America. As a standard insurance company, May flora have a range of insurance policy covers and we will also work hard to continue to add more insurance covers that are on sale in the insurance market in the United States of America hence expanding the scope of our target market from time to time.
Our target market cuts across people of different class and people from all walks of life, local and international organizations as well. We are coming into the industry with a business concept that will enable us sale of insurance policies to the highly placed people and companies in the country and at the same to the lowly placed people and smaller businesses.
In other words, our target market is the whole of the United States of America and subsequently other parts of the world. Below is a list of the people and organizations that we have specifically design our products and services for; Students, Young Adults, The Elderly and Children et al Businesses and Entrepreneurs.Insurance Agency Business Plan.
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Energomera Insurance Company is a start-up provided insurance services for JSC Energomera Corporation and small business companies. Attracting of the new client provided by efficient marketing plane which was made by top managers of the company and some specialists and experts who was.