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Questions and Answers
What is the primary focus of the insurance company's corporate accounting?
What is the primary focus of the insurance company's corporate accounting?
- Sales and marketing strategies
- Product development and innovation
- Human resource management
- Risk management and financial reporting (correct)
Why is corporate accounting important for insurance companies?
Why is corporate accounting important for insurance companies?
- To enhance customer service experience
- To assess and manage financial risks (correct)
- To develop new business partnerships
- To streamline manufacturing processes
What regulatory compliance is corporate accounting in insurance companies subject to?
What regulatory compliance is corporate accounting in insurance companies subject to?
- Labor and employment laws
- Solvency and financial reporting standards (correct)
- Consumer protection guidelines
- Environmental sustainability regulations
