Insurance Essentials

What is an underwriter

What is Insurance Underwriting?

Insurance underwriting is the process of evaluating a risk to determine if the insurance company will insure it and, if yes, then pricing it.

combined ratio illustration

Understanding Combined Ratio

The combined ratio is one of the most important ratios used in evaluating the profitability and financial health of an insurance company. It also provides a comprehensive insight into how well an insurer underwrites policies. 

loss ratio

Understanding Loss Ratio

A loss ratio is a quick way to evaluate the financial health and profitability of an insurance company. This article explains how to calculate the ratio and what insights you can gain from it. Also, we look at some …

building great courses

How ITC Builds Great Courses

The Insurance Training Center takes pride in delivering high quality courses on professional and management liability insurance and related topics.

Pay on behalf

Pay on Behalf of vs Reimbursement

“Pay on behalf of” and “reimbursement” are two different approaches to paying the bills associated with a claim. There are pros and cons to both. But …

Extended Reporting Period

Extended Reporting Period (ERP) Explained

VIDEO: An Extended Reporting Period, or ERP, is a finite window of time beyond the end of a claims-made policy during which the insured organization may report claims to the insurer. The ERP extension only …

Duty to defend

Duty to Defend

Duty to defend refers to the obligation to provide a legal defence for a claim made against the insured after that claim has been reported to the insurer.  Read more…

Insurance Essentials

What is an underwriter

What is Insurance Underwriting?

Insurance underwriting is the process of evaluating a risk to determine if the insurance company will insure it and, if yes, then pricing it.

combined ratio illustration

Understanding Combined Ratio

The combined ratio is one of the most important ratios used in evaluating the profitability and financial health of an insurance company. It also provides a comprehensive insight into how well an insurer underwrites policies. 

loss ratio

Understanding Loss Ratio

A loss ratio is a quick way to evaluate the financial health and profitability of an insurance company. This article explains how to calculate the ratio and what insights you can gain from it. Also, we look at some …

building great courses

How ITC Builds Great Courses

The Insurance Training Center takes pride in delivering high quality courses on professional and management liability insurance and related topics.

Pay on behalf

Pay on Behalf of vs Reimbursement

“Pay on behalf of” and “reimbursement” are two different approaches to paying the bills associated with a claim. There are pros and cons to both. But …

Extended Reporting Period

Extended Reporting Period (ERP) Explained

VIDEO: An Extended Reporting Period, or ERP, is a finite window of time beyond the end of a claims-made policy during which the insured organization may report claims to the insurer. The ERP extension only …

Duty to defend

Duty to Defend

Duty to defend refers to the obligation to provide a legal defence for a claim made against the insured after that claim has been reported to the insurer.  Read more…

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