Insurance Principles

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October 5, 2023 5 min read Definitions

Prospective Reserve in Health and Life Insurance

Finance Insurance Principles Risk Management Insurance Prospective Reserve Health Insurance Life Insurance Financial Planning

Learn about the prospective reserve in health and life insurance, a reserve that accounts for future premiums, interest, and is sufficient to pay future claims.

October 5, 2023 4 min read Definitions

Underwriting in General Insurance Terms: Assess, Choose, or Deny Risks

Insurance Principles Risk Management Financial Services Insurance Underwriting Risk Assessment Insurance Evaluation Premium Rate Setting

Discover the process of underwriting in general insurance, where risks are evaluated for their potential insurability and assigned rates based on their assessed risk. Learn the importance and methodologies involved.