Banking & Insurance

Banking and insurance play a vital part in the economic and financial growth of any country, or at least this is what many analysts says. With the ongoing shift in financial systems, technological advancement, regulatory reforms, and the way customer expectations are changing, it becomes more and more necessary to understand banking and insurance, especially for students of commerce, management, economics, and other similar areas. This book, Banking and Insurance, has been prepared mainly so that undergraduate and postgraduate learners can form a clear, systematic grasp of the basic concepts, principles, operations, and everyday practices that lie behind banking and insurance. The material is organized in a simple yet structured manner, so that even the harder ideas feel more approachable. In general, you can keep up with the progression without too much confusion, because the flow is made to be steady. This book aims to give students a pretty balanced picture of both the theoretical ideas and the practical running, but all of it presented in a real, approachable manner. It guides the reader through how the banking system is put together and how it operates, then it goes on to cover different kinds of banks, regular banking transactions and services, credit formation, central banking, digital banking, plus a few recent changes that are taking place across the banking sector. After that, it also offers an outline of insurance basics, multiple
forms of insurance, insurance agreements, risk management, and how the insurance industry actually functions, including what part it plays.