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 […]
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 […]
We’re delighted to announce that Insurance Risk Services will rebrand to Davies in the near future.
