Insurance companies usually have a complex structure, this is due to their size and the varied activities
undertaken as follows:
Every company will have some form of organizational structure. This should be in line with its stated business
objectives in an efficient manner. There are usually the following structures:
Functional Structure:- This is the traditional structure and is best suited for smaller companies with a limited
range of products.
CEO – Board of Directors – Operational Head of Department – HR, Finance, IT, Marketing, Underwriting, Claims
for them to give back and communicate with their underwriting and marketing colleague.
Divisional Structure:- This type of structure is adopted by most large multi – product companies. Each division is
partially autonomous to the extent of designing, producing and marketing its own product.
its head office and its branch offices.
The choice of system will depend on:-