Though a subdomain of finance, insurance sector on its own is one of the largest industries across the world. This industry which was evaluated to be worth $1.7 trillion in the year 2017, offers high returns and advantages to those in need, while at the same time can be a bane for those who don’t understand its working.
So for those who are not familiar with the insurance domain, and are looking to enhance their skills and expertise in the field, here are the top 5 insurance books which you must read.
If An Elephant Sits on You Are You Covered?
This book written by Bart Baker is one of the best insurance books you will find in the market which will offer you a complete insight about making the most of your insurance plan. Baker, who has been in the insurance business for more than 25 years, in this book explains how you can be prepared for the unforeseen events or disasters in your life, such as ‘elephant sitting on you’. Written comprehensively, the book provides the best insights into how you can make the most of your insurance and why it is needed in the first place.
Paychecks and Playchecks
Being the best seller for two consecutive years, Paychecks and Playchecks offers exciting insights into how to secure your future and plan a life post-retirement. Tom Hegna, an expert in the insurance domain, has written three more insurance books which are focussed on the same subject. However, this one is famous of them all. The book explains complicated concepts in easy to understand manner and using a statistical approach shows how effective planning now can help secure your future.
Going Tradigital
Focussed more towards service providers in the insurance industry, this book by Nadeem Damani is an excellent read for those who are looking to expand and grow their business. The book explains how going digital is the need of the hour and should not be ignored by entrepreneurs if they wish to succeed. This book consists of both practical and theoretical approaches to increase sales and conversion while at the same time guiding the readers with regards to customer retention.
Inside the Insurance Industry
Inside the Insurance Industry, is one of the best guides available in the market which will help you understand the insurance sector inside out. Written by Kevin Glaser, the book contains everything ranging from setting up a new insurance company to bringing in and securing clients. It further tends to explain the working of each department in the insurance domain and later discusses how can a client make and secure insurance claims.
Applied Insurance Analytics
Written by Patricia L. Saporito, Applied Insurance Analytics is one of the best insurance books which an entrepreneur or business owner in this domain can use to improve their company operations. The book takes more of an analytical approach to solving challenges faced in an insurance company while at the same time helps the clients make most of their insurance investment. A must read for MBA professionals, this book towards the end explains risk assessment and management in detail.
So these were the top 5 insurance books which provide a good insight into setting up and operating an insurance company. If you think there are other good books on the topic, don’t forget to mention the name of the same in the comment section below.
