Insurance Industry

2 Posts
1 Sections
1 Types

October 10, 2023 4 min read Definitions

Understanding the Independent Agency System in Insurance

Insurance Industry Professional Practice Business Models Insurance Independent Agency System General Insurance Distribution Independent Contractors

Learn about the Independent Agency System in insurance, where agents work as independent contractors on a commission basis for multiple insurers.

October 4, 2023 4 min read Definitions

Selection of Risk in General Insurance and Reinsurance

Insurance Industry Risk Management Reinsurance Insurance Risk Management Reinsurance Underwriting

Understand the concept of selection of risk in general insurance terms, including how insurers choose which risks to insure and the role of reinsurance in managing those risks.