3/25/2018 0 Comments InsuranceThis week, I made significant changes and progress toward the completion of my final product. After working on the project for the past few weeks, I decided to narrow my focus and tackle one large industry that I have never felt ready for until now: insurance.
Insurance, as an industry, is entirely different from any other company. Generally, a company makes money by selling a product or service to a customer, getting immediate payment. Insurance, on the other hand, only takes the premiums and does not always have to pay the customer back. Because of this pay-now-get-later model, insurance must be valued in an entirely different way to that of other companies. The complexity of the insurance and reinsurance industries has always scared me off before, but I finally think that I have enough background knowledge necessary to understand and be able to successfully value an insurance company. Because of the addition of insurance as a part of my final product, however, I had to dramatically change my calendar. Now, I am spending about half of the total time on my original work on the insurance industry, and doing a smaller number of companies because of it. Aside from all the technical work that I have been doing for final presentation night, I also have been preparing a list of people that I would like to invite to final presentation night. The process of making this list reminded me of all the support that I have gotten from the people in my life. They motivate me to work even harder to produce an ambitious and creative final product that not only proves to me what I can do, but shows the people that have supported me the things that they have enabled me to do. Without the help of those people, I would most definitely not be as successful as I am today, and I hope to continue this success far into the future.
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