The Basics of Insuring Fine Arts
The art world is full of mystery. Much goes on behind the scenes in a market where deep pockets are chasing a limited supply of works. New art is always being created and its value is highly subjective. It is impossible to know with certainty if an...
Aviation Insurance, How to Cover a Cessna 172 Skyhawk
If you, as an insurance professional, ever face the opportunity to deal with aviation insurance, you are far more likely to handle a multitude of general aviation risks before ever seeing the opportunity to quote an airline of any size. General...
Insurance, Reinsurance and the Transfer of Risk in the (Re)Insurance Industry
Much happens behind the scenes after an insurance policy is purchased by an insured. A written risk may be transferred from one insurer to another. Many different companies may have interests in the original insurance contract (and its continued...
Understanding Reinsurance and Its Transaction Types
The worldwide insurance industry is vast and interconnected. Calamities in distant places of the world can have an impact on the availability of insurance and the amount of premium you pay at home. Natural catastrophes such as major hurricanes in...
Understanding Diversification of Risk and Three Ways Insurance Companies Achieve It
In risk management and insurance, the accumulation of losses can lead to an insurance company’s insolvency. An insurer must have a strategy concerning the lines of business (types of insurance) it plans to write and where the accepted risks will be...
Risk, Core Concepts for its Greater Understanding in Insurance
Risk, as explained in our recent post titled “Understand Risk and How Insurance is used to address it”, is all around us. It is helpful to know and understand the terminology used to describe risk and its adverse outcomes (known as losses) in the...
Understand Risk and How Insurance Is Used to Address It
Every day, as you set out to perform the tasks and activities you strive to accomplish, risk follows you. Risk is all around, surrounding your every decision and activity, giving rise to a vast possibility of outcomes. Risk is an inevitable part of...
The Basics of Aviation Insurance
In aviation, safety is paramount. By the nature of aircraft operations and the risks involved, aviation can be classified as a catastrophic risk exposure. Aviation Insurance is readily available to cover a wide variety of aircraft types ranging...