Synopsis
Art in every department of executive work naturally precedes science or organized knowledge :actual experience must provide the materials out of which the intellect must educe into generalisations and formulae the scientific principles which the practice implicitly involves ;and the rational prosecution of Art into its most manifold and widest forms is conditional upon the clearer and exacter manner in which its intellectual elements are unfolded and systematized. The art, or practical conduct, of insurance will thus prove to be more readily intelligible to the apprehension of the man of business if the principles which it embodies are explicitly presented ;and the scope of this book accordingly comprises, with this object in view, the concurrent description of administration and of the rational methods, derived from experience, on which the actual processes are founded. In pursuance of this course, an attempt has been made to explain the mode in which the interpretation of theB oard ofT rade Returns of Companies may be rendered practically serviceable in discerning the financial position of Assurance Offices and the prospects of profits which they are competent to present. An exposition has also been introduced of the various modes in which the universal and flexible principles of insurance have been applied to provide for popular and commercial needs which the complex development of social and industrial activities demands. The book, it will be observed, is not intended for the use of experienced experts ;but for the student who aspires to the character of an expert, and for the busy practical man, every effort has been employed throughout the volume, though in a rudimentary form, to produce a clear, sound, and intelligible guide to this department of business in its multiform shapes.
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Insurance: Practical Exposition for the Student and Business Man (Classic Reprint)
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