Property inspection technology continues to improve every year, which makes your job as an insurance company underwriter easier, more accurate, and efficient. What used to be a long, drawn-out affair with pen and paper in hand has become quicker, more accurate, and comprehensive thanks to the ongoing technological developments in the property inspection business. This allows […]
Month: December 2021
Various Types of Insurance Risk
Insurance risk is the threat of a future financial loss that an insurer is willing to share with an individual or entity facing that threat. Insurance spreads the risks of policyholders among those policyholders by incorporating the Law of Large Numbers. It’s risk-sharing with other policyholders within the same class and is based on the probability of loss. […]
