Each Business Unit has distinct business processes, risks, and controls.
GRC Library has developed specific reference templates tailored to each Business Unit.
By clicking on the business unit name, you can view detailed information.
Additionally, clicking on the reference template will direct you to the item page,
where you can access more details and download the template.
4. Compliance
11. Internal Audit
12. Legal
13. Marketing
14. Market Research
15. Operations
19. Risk Management
23. Treasury
24. Underwriting
Industry: Insurance
Description:
The insurance industry is a complex and highly regulated sector that provides a variety of products and services to individuals and businesses. It encompasses life insurance, health insurance, property and casualty insurance, and reinsurance services. This industry plays a crucial role in risk management and financial stability for both consumers and enterprises.
Key Activities:
Sales and Marketing
The process of generating leads and selling insurance products to customers, which involves outreach, relationship building, and strategic communication.
Underwriting
Assessing the risk of potential clients and deciding whether to issue insurance policies based on a comprehensive analysis of risk factors.
Claims Management
Handling claims from clients who have experienced losses, including investigation and determination of claim settlements.
Financial Management
Overseeing the company’s financial activities, including investment management, cash flow monitoring, and financial reporting.
Information Technology Management
Managing the company’s technology infrastructure and computer systems to support operations and enhance service delivery.
Human Resources Management
Managing recruitment, training, and development processes to ensure that the organization has a skilled workforce.