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ser-zykov [4K]
1 year ago
6

The fundamental principle of insurance underwriting is that the cost of health care can be predicted for:___.

Business
1 answer:
Artist 52 [7]1 year ago
8 0

The fundamental principle of insurance underwriting is that the cost of health care can be predicted by healthcare policy.

  • A healthcare policy applicant's eligibility is assessed by medical insurance underwriters.
  • In addition to reviewing each individual's medical history, they may also take into account their age, career, credit score, and housing circumstances. Each application is approved or rejected by an underwriter.
  • The two most significant factors in health insurance are work and medical history. Group life plans and group health insurance underwriting are similar. Typically, the group is assessed collectively rather than individually. The entire group is either accepted or declined for coverage based on the risk profile of the group.

Learn more about healthcare policy  here brainly.com/question/10860065

#SPJ4

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The performance management approach that uses job performance evaluations to identify a company's best, average, and worst perfo
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The performance management approach that uses job performance evaluations to identify a company's best, average, and worst performing employees, using person-to-person comparisons, is known as "forced ranking".

<h3>What is forced ranking?</h3>

The contentious practice of "forced ranking," which grades employees against one another rather than against performance standards, is very popular in corporate America.

The problem with forced ranking are-

  • This can lead to a lack of motivation and disengagement among employees as well as unneeded internal competition that can harm collaboration, creativity, and innovation and divert attention from market competition.
  • Although contentious, forced ranking systems are legal. Employers who choose to take action based on those rankings, however, run a number of legal dangers.

The forced rankings beneficial from an employee perspective, here are reasons-

  • This system teaches a manager how to assess employees objectively with the right management training.
  • When the management system needs to be improved or formalised, forced rankings are advantageous.
  • An essential component of business is analysing trends and developments.

To know more about example of forced ranking, here

brainly.com/question/6626507

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6 0
2 years ago
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