‘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.
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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! …
Think twice before using =Sum(…) – 5 Fast ways to Sum in Excel!
Did you know you can sum a column in Excel with one click?!
As brokers and underwriters, time is a precious commodity. We need results fast!
Because time is of the essence, we put together a guide on the 5 fastest ways to do a Sum in Excel.
Claims Made vs Claims Made and Reported
A Claims Made policy offers coverage for claims made against the insured during the policy period. This type of policy typically comes with a reporting requirement defined as “as soon as reasonably practicable.”
Understanding the difference between peril and loss
What is loss? What is peril? And what is the critical distinction between these terms?
Named Perils vs. All Risks Explained in Plain English
‘Named Perils’ and ‘All Risks’ refer to two different kinds of insurance coverage. Named Perils wordings are common in property insurance policies. You’ll find All Risks wordings in general liability and errors and omissions policies.
The Hammer Clause
A ‘Hammer Clause’ is an insurance policy provision which stipulates what happens when an insured does not consent to settle a claim, as recommended by their insurer. Learn more…
Pro-Rata vs. Short-Rate Cancellation
Pro-rata and Short-rate are two different ways of determining the refund amount that an insured party will receive if their insurance policy is canceled before the expiry date. Understand the difference between these two methods.
5 Time-Saving MS Excel Shortcuts Every Insurance Professional Should Know
Learn these tricks and shortcuts, and you can significantly reduce the amount of time it takes to analyze your data and extract what you’re looking for.