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Is anyone working in Insurance company, I need hel

what sort of daily reporting and checks carried out ?

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what sort of daily reporting and checks carried out in regards to DD processing and renewals, defaults, cancellations. What are the key issues around Insurance sector, and how can finance professonals help with it?

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By Accountant A
15th Jun 2019 21:22

When's your homework due in?

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By Tim Vane
15th Jun 2019 22:20

Stock taking is the most important part. The birds and the small mammals are the hardest and require a lot of care to count. The big cats are the most dangerous but easy to count since they lie around doing nothing all day. Obviously the pachyderms are simple but the reptiles can be very hard to spot and it’s easy to miss some completely which can be worrying! You can train the monkeys and apes to count themselves if you’re lucky.

EDIT - sorry I just realised you said Insurance. I must have misread your post I thought you said Zoo. Sorry!

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By Amy10
15th Jun 2019 22:33

:) I work in Finance and do this everyday, but not sure how do I improve processes, and how to convince others. Also processes are too manual so there is always room for errors. I know it should be done at system level, but IT department is very busy solving other problems so this tasks are not priority....

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Replying to Amy10:
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By JoF
16th Jun 2019 08:19

Well Im confused (Doesnt take much these days!), your Q asks one thing and your response now says you 'do this everyday' (sic), so therefore you know the what, its more about the how?

Still sounds like a homework Q. Or are you prepping for a new job interview?

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RLI
By lionofludesch
16th Jun 2019 10:43

Seriously - do your employers know that you've posted on a web forum to ask for tips on doing your job ?

Best plan for all concerned is for you to resign.

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Replying to lionofludesch:
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By Amy10
16th Jun 2019 13:16

don't need an opinion of time waster!!

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Replying to Amy10:
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By JoF
16th Jun 2019 14:06

How to win friends and influence folk and ensure you get answers.

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Replying to Amy10:
RLI
By lionofludesch
16th Jun 2019 22:32

Well, you certainly need a bit of realism in your life.

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Replying to Amy10:
RLI
By lionofludesch
17th Jun 2019 08:51

Amita wrote:

don't need an opinion of time waster!!

Another satisfied customer. ©

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Hallerud at Easter
By DJKL
16th Jun 2019 14:29

Insurance company or insurance broker?

What software systems being used?

Re brokers for me the trickiest bit always used to be checking the amounts paid direct to the insurance company by the clients and ensuring the commission credits for these were timeously recognised against the funds to be remitted direct re premiums that were handled via the brokers themselves, however I would expect these days brokers have some form of real time online access to this sort of data linking into their software and I must admit it is years since I audited a broker (never audited insurance companies themselves).

Life business rather than general insurance had its own complications re revenue recognition.

Perhaps greater clarity of question would elicit different responses.

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