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Insurance Essentials
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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 …
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…
‘Claims Made’ vs ‘Claims Made and Reported’
What are your policy’s claims reporting requirements? ‘Claims made’? ‘Claims made and reported’? It’s important to understand the difference. Watch this video.
5 Tips to Writing Effective Emails to Underwriters & Clients
5 Tips, 4 minutes read, that is sure to save you time on emails! Practice crafting your next email with these tips in mind- the more thought you put on an initial email, the less you’ll spend clarifying yourself!
January, a time for TOWS… (SWOT analysis for insurance)
January involves planning for the upcoming year. Be sure to carve out some time to give TOWS a try, regardless of your role within your firm. January is the time to set goals and draw a plan to achieve those goals! …