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Insurance

Earnings multiple approach

A commonly used term in employee benefits, a group life plan provides an employee with a predetermined amount of life insurance coverage, typically one or two times their annual salary. This type of plan is offered by an employer to their employees as a form of financial protection in the event of an employee's death.

Rebating

One concept that is frequently deemed unlawful by both legal authorities and regulators is the act of an insurance sales agent offering a portion of their commission to the...

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Earnings form

A crucial aspect of commercial property insurance is coinsurance coverage, which refers to the percentage of the property's total value that must be insured. In particular, ...

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Vicarious liability

As a finance professional, it is important to understand the concept of vicarious liability. This refers to the legal responsibility one may have for the actions or wrongdoi...

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Surplus

In the world of finance, we often come across the term "surplus". This refers to the remaining amount after deducting an insurer's liabilities from its assets. It serves as ...

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