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 […]
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 […]
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 […]
Underwriting is a key factor in the world of finance, significantly affecting the businesses of insurance, loans, and investments. Underwriting services may be provided by large institutions such as insurance companies, banks, and investment houses, each of which guarantees payment in the event of damage or a financial loss occurring. Since each of these businesses […]
We’re delighted to announce that Insurance Risk Services will rebrand to Davies in the near future.
