What is an Insurance Bond?
An insurance bond is a bond that is designed to protect an individual or organization against financial loss if certain circumstances occur. There are different kinds of insurance bonds.
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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.
A Checklist to Successful Negotiations in a Hard Market
It’s time to brush up your negotiation skills. This checklist will help you gather information and be proactive in your placing efforts. Be in control of your renewals and enter each discussion with an action plan!
Occurrence vs. Claims Made Policies Explained
The key difference between an occurrence and a claims-made policy is in the mechanism the policy uses for activating coverage; what needs to occur, and when, in order for …
How the Insurance Training Center Builds Great Courses
The Insurance Training Center takes pride in delivering high quality courses on professional and management liability insurance and related topics.
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 …
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 …
8 Reasons to Read Financial Statement Notes
Underwriters glean valuable information from reviewing the financial statement notes that helps them to assess an organization’s overall risk profile.
5 Time-Saving MS Excel Shortcuts Every Insurance Professional Should Know
Learn these MS Excel shortcuts and save time gleaning actionable insights from data like insurance renewal lists and new business reports. This video shows how they work.
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 …