• Insurance management is a broad topic that refers to the management process in the insurance industry. Insurance managers oversee the operations of insurance agencies or, on a larger scale, multiple agencies within a district. From time to time, insurance managers may need to address certain topics that affect the insurance industry in order to convey pertinent information to agents and other related personnel.
  
  

Risk Management

• Risk management is a topic addressed by insurance managers. In some respects, the insurance industry itself is based on the very concepts of risk management. Insurance companies allow clients to share risk by pooling their funds in the form of premiums. At the same time, the insurance company is banking that enough people will not have to make claims that will total more than what it receives in premiums. Risk management is essential to the survival of an insurance company because insurance companies provide products and services that are based on statistical projections made through the use of actuarial science.
  
  

Claims Management

• Claims management is a second topic of discussion and concern for insurance management professionals. How an insurance company handles claims can affect its reputation and the ability of the company to retain clients for long-term business. Claims administration is the process by which insurance companies do this, and this topic is one of several that might be discussed within the larger topic of claims management. Others might include areas such as dealing with health insurance fraud committed by clients, lawyers or physicians.
  
  

Economic Conditions

• Economic conditions often factor into the way insurance companies market products. These conditions can also affect what types of products they offer and what kind of discounts they may give. The Geneva Association, an international think tank, has identified various areas of concern in the insurance and risk-management industry that have emerged since the economic crisis that emerged in 2007. The impact of this crisis on the financial markets has affected the financial markets. Insurance companies now must address how this has affected the entire insurance industry. Questions that emerge as a result of this discussion include the types of threats that may exist in the industry as a result, what lessons, if any, may be learned and how the situation will affect the regulatory environment.