Category: Insurance Risk

Local and Global Insurance Risk

Local and Global Insurance Risk Local and Global Insurance Risk

Lloyds of London is, contrary to popular belief, not an insurance company but rather an insurance marketplace where insurance buyers and sellers meet to do business. Originally started in a London coffeehouse during the 17th century, the prevalent insurance risk at the time was the safety of cargo ships sailing across the oceans carrying goods. […]

Insurance Risk – The Driving Force Behind Insurance Underwriting

Insurance Risk – The Driving Force Behind Insurance Underwriting Insurance Risk - The Driving Force Behind Insurance Underwriting

The entire insurance industry revolves around the concept of insurance risk. Without insurance risk, there would be no insurance business. Whether it’s film star Betty Grable’s legs that were insured for $1,000,000. back in the 1940s or Bruce Springsteen’s $6 million insurance policy on his voice, where there’s a potential for financial loss, there’s usually […]