Organisational Structures and their Implications
Insurance companies can be broadly divided into four categories: stock companies, mutual companies, reciprocal exchanges, and Llyod's companies. The former two are the dominant forms of organisational structures in the US insurance industry. A...
Types of Organisational Structure
Simple
Bureaucratic
Matrix
Flat/Tall
Line/Staff
Simple Structure
A structure characterized by a low degree of departmentalization, wide spans of control, authority centralized in a simple person, and little formalization.
Strengths
Simplicity...