10 Best Insurance Books [Updated 2023]
Insurance is said to be a different topic rather than a separate part of finance. This industry has immense knowledge to offer. Once you get on the right track, you also get good returns from your investments and insurance sales. Below is the list of the top 10 insurance books:
- Inside the Insurance Industry ( Get this book )
- The Breakthrough Insurance Agency ( Get this book )
- Going Tradigital ( Get this book )
- If an Elephant Sits on You, Are You Covered? ( Get this book )
- Insurance and Behavioral Economics ( Get this book )
- Paychecks and Playchecks ( Get this book )
- Insurance ( Get this book )
- Applied Insurance Analytics ( Get this book )
- Insurance ( Get this book )
- Insurance Economics (Springer Texts in Business and Economics) ( Get this book )
Let us discuss each insurance book in detail, along with its key takeaways and reviews.
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Source: Insurance Books (wallstreetmojo.com)
#1 – Inside the Insurance Industry
Glaser has explained the industry in a straightforward form, which is understandable even by a commoner or someone not from the insurance industry. This book contains information about new insurance companies, attorneys’ financial planners, risk managers, college students, business owners, etc. In this book, the author gives the internal working details of the insurance companies and the industry with how it is sold.
Book Name and Author
Inside the Insurance Industry by— Kevin Glaser
Book Review
This book is the best insurance book to be interested in topics such as mechanisms and processes through which insurance is sold, identification of various distribution methods, the definition of the industry terminology, the internal working of the insurance company, and discussing multiple responsibilities of different insurance company departments. These facts affect the insurance company and its policyholder. It also discusses how to get the best and the right insurance deal, Making insurance claimsMaking Insurance ClaimsAn insurance claim refers to the demand by the policyholder to the insurance provider for compensating losses incurred due to an event covered by the policy. The company either validates or denies the claim based on their assessment and nature of the incurred losses.read more, and how agencies can help you purchase insurance.
Best Takeaway from this Top Insurance book
This book is a complete guide for the insurance industry. The basics here are just perfect to refer to and get an insight into this industry.
<< Get this book >>#2 – The Breakthrough Insurance Agency
How to Multiply Your Income, Time and Fun
The author is a leader of one of the most successful insurance agencies in Malibu, California. Hence, this book comes from an expert. This book is straightforward to read and enlightens your way with unique ideas to boost your insurance sales and agency to the next level of success. He has shared a broader vision of his experiences and success stories. Bart has shown the readers how it happens and how to make it happen.
Book Name and Author
The Breakthrough Insurance Agency: How to Multiply Your Income, Time and Fun —by— Bart Baker
Book Review
You can handle the stage of business whether you are a beginner or an existing player. Bart has a solution and a way out for you. You need to find ways and not excuses, which is what the author does here. He helps you take your insurance agency to the next level, wherever it is now.
Best Takeaway from this Best Insurance book
This insurance book helps with the fundamentals of the insurance industry, which makes it a must-read for every individual in this industry.
<< Get this book >>#3 – Going Tradigital
Social Media Made Easy for Insurance Agents
New methods and new technology need to be brought to productive use. Today’s most famous social media is the best way to promote and increase your business. It applies to all companies. However, the author has highlighted promoting insurance through technology in a big way. Tips, tricks, and methods of promoting your insurance business are an absolute must-read for everyone involved, including understanding this industry. Reading this book can help you increase your sales and retain your customers.
Book Name and Author
Going Tradigital: Social Media Made Easy for Insurance Agents —by— Nadeem Damani and Angela Johnson
Book Review
The authors are two top insurance agents who have applied the formulas given in their book to help increase their insurance sales and retain their customers with the help of digital marketing. They have elaborated on improving your prospects and sales and keeping customers and relationships with them. This book combines traditional insurance selling techniques with digital marketing.
Best Takeaway from this Best book on Insurance
The authors give you a more profitable experience through their book.
<< Get this book >>#4 – If an Elephant Sits on You, Are You Covered?:
How to Talk with Your Insurance Agent to be Properly Insured (How to Become Properly Insured Book 1)
The author has been in business for more than 25 years now and shares his experience in the industry as he has a successful insurance agency he has been running. Helping insurers protect themselves from disasters and cover their unique situations, for none of us know when a disaster will strike, and we need to be ready for the same. He walks you through safeguarding people and things you love from unforeseen incidents.
Book Name and Author
If an Elephant Sits on You, Are You Covered?: How to Talk with Your Insurance Agent to be Properly Insured (How to Become Properly Insured) (Volume 1) —by— Bart Baker
Book Review
This insurance book starts with what if an elephant sits on you; of course, this incident is not planned; it is an unforeseen incident that needs to be covered. However, are you covered for such unexpected events in life, and did you know you can protect your loved ones and your most possessed belongings from such events?
Best Takeaway from this Top book on Insurance
Engaging stories and practical tips Bart gives is precious for every individual, making this book an accurate read.
<< Get this book >>#5 – Insurance and Behavioral Economics
Improving Decisions in the Most Misunderstood Industry
An incredible tool to handle risk is called insurance. However, this concept that provides financial protection needs to be more understood by people, be they investors, insurance agents, or regulators. This book will look at how people behave regarding individual risk, decision-makers of the insurance industry, its policymakers, and its link to economic theory. Many people think insurance is a mystery that is not worth solving. However, this is not the case, and you must read this book to understand insurance better.
Book Name and Author
Insurance and Behavioral Economics: Improving Decisions in the Most Misunderstood Industry —by— by Professor Howard C. Kunreuther, Professor Mark V. Pauly, Dr. Stacey McMorrow
Book Review
The author compares the actions of people involved in this industry to the benchmark models of choice taken from the theory of the classic economy. The industry keeps some money at stake with the customers’ premiums, the companies’ payouts, etc.
Best Takeaway from this Best Insurance book
People who are curious about knowing the facts of this industry must read this book as it gives you great understanding in simple, understandable language. Also, check out what behavioural economicsBehavioural EconomicsBehavioural economics refers to a stream of mainstream economics that studies the impact of human psychology, ideology or behaviour on the individual or institutional economic decision-making process.read more is.
<< Get this book >>#6 – Paychecks and Playchecks
Retirement Solutions for Life
Tom is the author of 3 successful books and a great person to get retirement solutions. However, to get the right retirement solution, you need to answer a few questions yourself, and the author has described these questions in this book. This book is globally famous as it has sold more than 80,000 copies worldwide and has been amongst the best sellers category for almost two years.
Book Name and Author
Paychecks and Playchecks: Retirement Solutions for Life —by— Tom Hegna
Book Review
Getting help to make decisions regarding selling or buying the right retirement solutions is a great deal. Take help from the expert here. Tom proves his strategy through mathematics and statistics to signify his approach, which will help you secure your future for as long as you live.
Best Takeaway from this Top Insurance book
Tom’s approach here is the right way to make and help people make retirement decisions.
<< Get this book >>#7 – Insurance
Best Practical Guide for Risk Management, Property, Liability, Life and Health with Concepts and Coverage
You get a reason to understand insurance and its products not only if you work in this industry but even if you are a customer and want to buy insurance. The description is perfect for explaining how insurance can manage the level of risk in your life. And when unforeseen events occur, you need to be in a fix of economic constraints. So, it helps you recover from the incident soon.
Book Name and Author
Insurance: Best Practical Guide for Risk Management, Property, Liability, Life and Health with Concepts and Coverage (Personal Finance Book 1) —by— James Stevens
Book Review
This book helps you discover everything you want to know about the insurance industry. This book is the only guide that will help you make the right risk management decision. Getting the most out of your insurance is by understanding the basics, and this book helps you with the same.
Best Takeaway from this Best book on Insurance
This book not just teaches you what you need to know about insurance. It also teaches you why to see them.
<< Get this book >>#8 – Applied Insurance Analytics:
A Framework for Driving More Value from Data Assets, Technologies, and Tools (FT Press Analytics)
The author explains how to use analysis and a systematic approach to improve operations, from underwriters to risk management to claims. This book will help you drive value by defining analytical strategies worldwide and overcoming challenges. In addition, this book enables you to increase your analysis related to insurance to help you gain the most out of your investment in insurance.
Book Name and Author
Applied Insurance Analytics: A Framework for Driving More Value from Data Assets, Technologies, and Tools (FT Press Analytics) —by– Patricia L Saporito
Book Review
This book is for every individual to help them get an analytical view of this industry and their investments and risk management understanding. Therefore, it is a precious book for MBA students, professionals, managers in the analytical domain, IT professionals, sales and marketing people, data scientists, etc.
Best Takeaway from this Top book on Insurance
The analytical understanding of this book helps you get the correct information and make the right decision regarding risk management.
<< Get this book >>#9 – Insurance
Concepts & Coverage: Property, Liability, Life, Health and Risk Management
This book could be more bulky and manageable to overload the readers and the audiences; a thin book explains all the insurance products defining the key terminology and limitations of such products. In addition, it provides a background of insurance policies and products. A book is not complicated, neatly presented to the point, just with the correct information. This book is perfect for basic insurance information, as it is excellent for beginners.
Book Name and Author
Insurance: Concepts & Coverage: Property, Liability, Life, Health and Risk Management —by— Marshall Wilson Reavis III PhD
Book Review
Risk and uncertainty are equal to huge losses. However, risk is present everywhere, and in everything we do, one can prevent these. Insurance is a tool that can help you from the economic loss caused by risk. The author brings you the approach to the actionable functions of this industry. These policies’ coverage and essential information are described well in this book.
Best Takeaway from this Best insurance book
A basic understanding of the industry, the concept, and insurance products are perfect for a beginner.
<< Get this book >>#10 – Insurance Economics (Springer Texts in Business and Economics)
This book covers the analytical economics of decision-making right under risk and risk management, the demand for insurance by individuals and corporations, and the objective tools and management strategies used by insurance companies. This book is just suitable for undergraduates, management students, professionals, and people from non-insurance backgrounds. The author confronts decisions from industry experts’ theoretical and practical experience.
Book Name and Author
Insurance Economics (Springer Texts in Business and Economics) —by— by Peter Zweifel, Roland Eisen
Book Review
This book includes issues in a paradox of decision-making and its reasoning related to risks. The chances of a death spiralDeath SpiralThe death spiral or the downward demand spiral occurs when an entity finds itself in a series of troubles and chooses to eliminate the entire range of products or services instead of identifying and battling the root causes. It is a phenomenon of cost accounting.read more in the insurance market change one can bring about in the future re-regulations and the rebirth of financial crises of 2007-09 with the increasing availability of general information.
Best Takeaway from this Top book on Insurance
The analytical decision making of economicsEconomicsEquity Research refers to the study of a business, i.e., analyzing a company's financials, performing Ratio Analysis, Financial forecasting in Excel (Financial Modeling), & exploring scenarios to make insightful BUY/HOLD/SELL stock investment recommendations. Moreover, the Equity Research Analysts discuss their findings & details in the Equity Research Reports. read more under risk and risk management makes this book different from others and valuable reading material.
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Thank you Sir Useful post. All the above mentioned books are very informative, sir I would also request you send me some list of derivatives Books so that I can enhance the fundamentals of Derivatives.
Sure Charles. Here is the list of Top Derivatives Books
Thanks a lot for sharing the list of amazing books, from many a days I was searching for insurance books, found it here on your blog which are really the best. It would be great If you could also send me the blog list of finance related books. Thanks in advance
thanks Elijah! Here is your list to Best finance Books