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 has been around since ancient times when it’s believed it first became popular as a risk-sharing scheme between ship owners carrying goods across the oceans and investors willing to provide indemnity for these goods and the ships carrying them for a fee. But even before this, a form of insurance can be found written […]
A guy walks up to a blackjack table in a casino and places a ten-dollar chip in the betting area in hopes of besting the dealer. He’s taking a risk that he may lose that $10, but also has the chance of earning $10 if he has a winning hand. He can even earn $15 […]
Simply defined, risk is the possibility of injury or loss. Insurance risk revolves around this potential for loss or injury and an insurance contract represents a risk-sharing between two entities; the insured and the insurer. A synonym for risk often used in the Property & Casualty (P&C) insurance industry is “peril.” A homeowners’ insurance policy, for example, may […]
In the insurance industry, each type of insurance deals with its own types of insurance risk. Insurance risk can be defined simply as the possibility of an insured suffering a financial loss that’s covered in a policy issued by an insurance company or other insurer. As an insurance company underwriter, your job is to assess […]
We’re delighted to announce that Insurance Risk Services will rebrand to Davies in the near future.
