IO 2021 Final Exam

Abstract

2021 FINAL EXAM – INSURANCE OPERATIONS: This exam is based on the course material (online book), lectures, and discussions; you may consult the internet, if needed, to help answer the questions. Please provide an organized, articulate, and thought-out essay addressing the following questions. Proofread your work – I expect upper level college writing, including complete, grammatically correct sentences. You have plenty of time to do the assignment, which is due no later than 4 May at 2 PM; late submissions will NOT be accepted. Submit your completed essay with your name on it via Blackboard (should there be a glitch you can email it to [email]). Do the essay by yourself (UH honor code). The essay should take you about the same amount of time as if you did it in class during a normal testing period; I do not expect an essay equivalent in length to a term paper as some of the questions may prompt short paragraphs. I am extremely interested in how you answer the “why” in the questions. Good luck! Scenario: You have been hired by Bauer graduates who are private equity investors and basking in the glow of the UH basketball team’s Final 4 appearance, to study the feasibility of starting up a new insurance company offering personal lines’ (e.g., renters’ and homeowners, auto physical damage and liability, umbrella liability, etc.) insurance products to Cougar students and alumni, as well as commercial insurance policies (property and liability insurance, perhaps errors & omissions for lawyers, accountants, and other professionals, Directors & Officers liability, etc.) for small businesses run by UH alumni. Address the following questions related to the above scenario in your essay. What is your company’s name? What external and internal constraints including barriers to entry could prevent your company from achieving its goals? What form of ownership do you recommend should be adopted? Explain the reason for your choice? What form or classification of insurer and licensing arrangement will you adopt? Explain...