If you’re looking for a true indication of what’s happening with today’s housing market, wondering whether the home sales business is heating up or slowing down, some of the best people to ask are your working home inspectors. These are people who have the inside track on what’s going on in the industry day in […]
As an insurance company policy underwriter, you have a number of important jobs that will help to determine the profitability of your company. Job number one is to determine the level of insurance risk represented by a proposed policy being considered. All insurance contracts, which are risk-sharing agreements between an insurer and an insured, are […]
“Inspection” can be defined as the testing, measuring, and gauging of the characteristics of an activity or an object. In the property inspection industry, this testing and gauging applies to the condition of a property and the level of risk it represents to whoever is considering buying or insuring it. You, as an insurance underwriter, […]
From an insurance risk perspective, the year 2021 was one of the worst in recent history for the insurance industry. In addition to the ongoing health claims caused by the Covid-19 Pandemic, now over two years running, insurers have also had to deal with an unprecedented number of worldwide natural disasters, including: Earthquakes (Haiti) Floods (Germany, […]
If you were a British shipowner or sea captain in late 17th century England before your ship was to set sail for the New World you were likely to make a trip to Edward Lloyd’s Coffee House located on Tower Street in London. Lloyd’s had become a popular gathering place for ship owners, merchants using […]
If you’ve ever watched a Grand Prix motorcycle racer whipping around the curves with parts of his body mere inches from the track surface, you may have wondered why anyone would willingly take such an obvious risk. When looking at this scene from an insurance risk perspective, you’ll see the risk of: Damaging/destroying the GP […]
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 […]
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. […]
Insurance risk has many faces, each depending on the type of insurance being considered. When à client is buying full coverage car insurance, for example, as an insurance underwriter, you’re looking at a long list of insurance risks that represent potential losses, including: Car damage from a collision Car damage from other than a collision […]
Property inspections can be roughly broken down into two types: the residential inspection and the commercial inspection. While both of these inspection types share similarities of purpose, they’re also distinctly different in a number of ways. Both are meant to provide documentation outlining the current condition of the property being inspected and to identify any […]
We’re delighted to announce that Insurance Risk Services will rebrand to Davies in the near future.
