Licensed insurance brokers in Canada are required to take qualifying courses and training each year in order to maintain their license.
Have you ever filled out an application for insurance? An underwriter is a person who receives and analyzes your responses on that application. The underwriter assess the level of risk you present, the premium you’ll pay, and your suitability for coverage.
The primary role of the insurance broker is to learn about the client’s business operations, evaluate the client’s needs, explore the client’s risk tolerance, and provide options and advice on how different insurance products will address the clients’ needs.
A risk manager is someone who works with an organization to identify, assess, reduce, and control potential outcomes for a company. Risk managers can work internally as an employee or as an external consultant.
A claims adjuster investigates insurance claims to determine the extent of an insurance company’s liability (i.e., claims settlement). A claims adjuster will interview witnesses, review statements, analyze the damage and make recommendations to the insurance company about the claim.
For some reason, insurance is not often talked about at career fairs in high school, colleges, and universities. We haven’t shaken off the image of the door to door life insurance salesman or the notion that it’s all a money grab. What a shame!
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 provides …
‘Prior or Pending Litigation’ and ‘Prior Acts’ exclusions are both policy conditions that reference the time period before the policy begins and specify what the policy won’t cover. Understand the distinction between these terms.
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.
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.
Licensed insurance brokers in Canada are required to take qualifying courses and training each year in order to maintain their license.
Have you ever filled out an application for insurance? An underwriter is a person who receives and analyzes your responses on that application. The underwriter assess the level of risk you present, the premium you’ll pay, and your suitability for coverage.
The primary role of the insurance broker is to learn about the client’s business operations, evaluate the client’s needs, explore the client’s risk tolerance, and provide options and advice on how different insurance products will address the clients’ needs.
A risk manager is someone who works with an organization to identify, assess, reduce, and control potential outcomes for a company. Risk managers can work internally as an employee or as an external consultant.
A claims adjuster investigates insurance claims to determine the extent of an insurance company’s liability (i.e., claims settlement). A claims adjuster will interview witnesses, review statements, analyze the damage and make recommendations to the insurance company about the claim.
For some reason, insurance is not often talked about at career fairs in high school, colleges, and universities. We haven’t shaken off the image of the door to door life insurance salesman or the notion that it’s all a money grab. What a shame!
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 provides …
‘Prior or Pending Litigation’ and ‘Prior Acts’ exclusions are both policy conditions that reference the time period before the policy begins and specify what the policy won’t cover. Understand the distinction between these terms.
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.
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.
