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 …
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 …
Insurance underwriting is the process of evaluating a risk to determine if the insurance company will insure it and, if yes, then pricing it.
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 …
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 discovered’ and ‘loss sustained’ are policy conditions in commercial crime insurance policies that define the claims reporting requirements for triggering coverage.