Insurance companies like any other type of business needs to take steps to manage their risks. This is especially important for insurance companies because they are the ones that sell insurance to clients who need it to reduce risks too. Risk management is a big deal for anyone in the auto insurance business. In fact, […]
Read MoreWhen taking out an insurance policy, it is essential to note that there is a very important link between risk and insurance. Insurance risk management can basically be described as the appraisal and management of risks related to an insurance policy. As part of insurance research, companies will evaluate the risks of insuring a particular […]
Read MoreWhat is a risk insurance company? These are companies that protect home, property, and business owners in case of damages. Insurance in itself is basically risk insurance, since you are always paying against the possibility of something happening to you, or to something you manage. For example, even health insurance is a type of risk […]
Read MoreWhat is a risk insurance company? These are companies that protect home, property, and business owners in case of damages. Insurance in itself is basically risk insurance, since you are always paying against the possibility of something happening to you, or to something you manage. For example, even health insurance is a type of risk […]
Read MoreDid you know that the practice of insurance risk management dates back to practices by the Chinese and Babylonian traders in the third and second century BCA? When chinese merchants were traveling across treacherous rivers, they would distribute their wares across many ships in order to limit loss. Recorded in the Babylonian code of Hammurabi, […]
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