Category: insurance
Advantages of Risk Transfer : Compensation for Insured Damages
The benefits of insurance extend far beyond mere financial compensation for covered losses. Insurance provides individuals, businesses, and society as…
Regulation of Marketing, Underwriting, and Claims Handling for State Insurance Regulation
Insurance regulators also focus on overseeing the marketing, underwriting, and claims handling practices of insurance companies to ensure fairness and…
Financial Solvency Monitoring of State Insurance Regulation
State insurance regulation is a vital aspect of the insurance industry, aiming to ensure the financial stability and fair practices…
Financial Sustainability and Profitability for insurance companies
For insurance companies to thrive and remain competitive, they must generate enough revenue from premiums and investments to cover their…
Investments by Insurance companies
Investments Insurance companies invest a portion of the premiums they receive to earn additional income and grow their financial assets….
Financial performance of insurance companies operations
Premiums Financial performance is a critical aspect of insurance companies’ operations, as it determines their ability to meet obligations, cover…
Ratemaking as a part of Insurance operations
Ratemaking This is the process of determining the appropriate premium rates that policyholders should pay based on the calculated risk…
Claim Handling as a part of Insurance operations
Claim handling This is the process by which policyholders request compensation or benefits from their insurance policy in the event…
In Insurance how to check whether losses that are not catastrophic
The principle of “losses that are not catastrophic” is a significant aspect of the insurance industry, ensuring that insurance companies…
Losses that are definite and measurable : How to check whether its eligible for insurance coverage?
The principle of “losses that are definite and measurable” is a crucial requirement for insurable exposures in the insurance industry….
