What is the typical organizational structure of the insurance company?

The organizational structure of the insurance company generally depends on the size, age and specialty of the company. Most of the time it starts with a functional structure where workers are organized vertically based on what they do. From there, the company often moves to the division structure, where individual teams deal with specific concerns. Large insurance companies that turn into multiple offices have a choice between centralized and decentralized versions of their current structure. This determines the level of autonomy of individual branches.

When most businesses start, they use a common org chart. It breaks down into a leader, one or two managers and a large workers fund. However, insurance companies are also new, too complex for this simple structure. Instead, they usually begin with a functional structure.

in a functional org structure determines the work of a person in society. If the worker is adjuster, he or she is in the Afigur group, the subscriber is in the subscriber's group, etc. It works very well PRO smaller offices, where there is only a handful of people in one group. When the company begins to expand, the functional structure tends to isolate one group from another and this division can negatively affect society.

For most of the time, the insurance company moves to a division format. In this situation, teams are created with a representative from every main area of ​​the organization. The team has specific cases on which it works, where it is able to benefit from a wide range of knowledge and skills.

divisional organizations are most common among insurance companies, but can undergo one more adjustment. In multiple brands or large individual offices, the company has to decide how much responsibility each team or branch has. This breaks down the main types, centralized and decentralized.

Centralized structure uses one office where everything is processed. The main office that often contains the most experienced workKY looks at every decision of the organization before approval. Although the company makes it less likely to make a mistake, it also drastically slows down the whole process.

Decentralized structures are the exact opposite. This organizational adjustment gives each team and office a certain amount of discretion in its own cases. Such a structure increases the chance of error, but also increases the team's response time. This improvement is often reflected in happier clients and more business. Most companies use a hybrid model where teams can make some decisions themselves, but others have to go to the main office.