2007-06-06 05:35:13 · 3 answers · asked by William B 1 in Business & Finance ➔ Insurance
If you don't understand what it takes to start and operate an insurance company, then your first step would be to get a job as an underwriter with an existing carrier. Do that for 10-15 years. Next, either win the lottery, or find someone with deep pockets that likes to gamble (since that is what insurance is). Finally, hire yourself really good key people for the following roles: CPA, general counsel, and underwriting officer.
2007-06-06 09:34:43 · answer #1 · answered by Phil 5 · 0⤊ 0⤋
Do you have enough financial depth to pay off on claims if you get unlucky and claims at some point exceed income from premiums? If not, then stay out of it.
2007-06-06 12:38:15 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Sure, free business advise is worth what you pay for it.
2007-06-06 12:41:52 · answer #3 · answered by Anonymous 7 · 0⤊ 0⤋