Commercial Crime Insurance – Loss Discovered vs. Loss Sustained
‘Loss discovered’ and ‘loss sustained’ are policy conditions in commercial crime insurance policies that define the claims reporting requirements for triggering coverage.
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What is an Insurance Broker?
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.
What is a Risk Manager?
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.
What is a Claims Adjuster?
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.
What is a Managing General Agent (MGA)?
A Managing General Agent (MGA) is an agency that is contracted to perform various business functions, such as underwriting, binding, policy administration, claims, and distribution, on behalf of (re)insurance companies.
New to e-learning? Here’s how it works
The ‘e’ in front of the word learning stands for ‘electronic’. In practical terms, adding ‘electronic’ to ‘learning’ means that the education, or learning, is delivered to the student through electronic …
Looking for Insurance Job Opportunities?
A list of links to the career pages of many of the employers in the insurance industry. Use these links to explore current job openings to find a position that aligns with your aspirations and skills.
What is Insurance Underwriting?
Insurance underwriting is the process of evaluating a risk to determine if the insurance company will insure it and, if yes, then pricing it.
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.
8 Steps to Interview Success: Insurance Underwriter
How to prepare for an interview to get a job as an insurance underwriter. This article provides tips on questions to expect and questions to ask, skills the interviewer might be looking for and much, much more.