Comprehensive coverage of the Institute of Insurance Brokers (IIB), including its history, functions, and importance in the insurance industry.
Reinsurance is an agreement by which one insurer indemnifies another insurer in part, or in total, for the risks of a policy issued by that other insurer. Explore the historical context, types, key events, and detailed explanations of this vital insurance mechanism.
An in-depth exploration of retrocession, a practice where reinsurers transfer risks assumed from a primary insurer to another reinsurer. Understand its definition, types, and significance in the insurance industry.
Comprehensive guide on demutualization, the process of converting a mutually owned company to a shareholder-owned company, including its significance, benefits, and implications.
An in-depth look at earned premium, including its definition, calculation process, and importance within the insurance industry.
Explore the concept of indemnity insurance, including its definition, functionality, and real-world examples. Understand how indemnity insurance compensates for losses or damages incurred and its importance in various industries.
Insurtech represents the integration of technology innovations aimed at enhancing efficiency and reducing costs in the insurance sector. This comprehensive analysis delves into its impact, applications, and future potential.
A detailed examination of written premiums in the insurance industry, covering their definition, calculation, importance, and comparison with other premium types.
A comprehensive guide to the yearly renewable term plan of reinsurance, explaining how it transfers mortality risk from insurers to reinsurers, the process of cession, and its implications in the insurance industry.
