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Captive agent

A captive agent is an individual who exclusively represents a single insurance company and is bound by contract to only submit business to that company. They are not allowed to work with any other insurance company unless their captive company declines the business first. This arrangement often limits the options available to the client, as the captive agent is not able to provide quotes from other companies.

Risk manager

A key role in finance is that of a risk manager. This individual is responsible for safeguarding a company from potential losses and ensuring that its goals are not derailed...

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Spread of risk

Insurance companies use a concept called diversification to minimize the risk of losses among their policyholders. This means selling insurance to a large number of people i...

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Credit derivatives

A vital aspect of financial management is the use of credit risk transfer contracts. These agreements allow institutions, like banks, to effectively mitigate their credit ri...

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Adverse selection

One concept in finance that is often overlooked is the phenomenon of adverse selection. This refers to the inclination of individuals who face higher risks to seek out more ...

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