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Insurance

Property/casualty insurance

In the vast world of insurance, there are two main sectors: property/casualty and life/health. Today, let's focus on property/casualty insurance, also known as non-life or general insurance. This type of insurance covers damage or loss of property belonging to the policyholder, as well as any legal liability for damages caused to others or their property. Common examples of property/casualty insurance include auto, homeowners, and commercial insurance. It is an essential aspect of the insurance industry and plays a crucial role in protecting individuals and businesses from financial losses.

Risk Selection

An integral aspect of the insurance industry is the process of underwriting, which involves evaluating and selecting applicants that meet the criteria set by the company. Th...

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Unearned premium

One key concept in insurance is the unearned premium, which refers to the portion of the premium that has been received by the insurer but has not yet been used to provide c...

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Participating

Life insurance policies come in various forms, and one such type is called participating life insurance. This type of policy involves a dividend, which is essentially a retu...

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Renewal Premiums

In the realm of finance, we often come across the term 'premiums'. These are payments that are made towards an insurance policy, and they can be of different types. One type...

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