Financial Literacy

October 10, 2023 3 min read Definitions

Assessment Company in General Insurance Terms: Definition & Insights

Finance Insurance Risk Management Insurance Assessment Company General Insurance Premiums Insured Party Financial Literacy

Learn about an assessment company in general insurance terms. Discover how these insurers operate and what it means when premiums are not enough to cover operating costs.

October 7, 2023 4 min read Definitions

Benefit in General Insurance Terms: Understanding Payments to Beneficiaries

Finance Insurance Retirement Planning Insurance Benefits Retirement Plans Policyholder Financial Literacy

Learn about the term 'Benefit' in the context of general insurance. Discover how benefit amounts are paid to beneficiaries or participants in retirement plans.

October 5, 2023 4 min read Definitions

Speculative Risk in General Insurance: Understanding Non-Insurable Risks

Finance Insurance Risk Management Business Studies Economics Insurance Speculative Risk General Insurance Risk Management Business Considerations Financial Literacy

Explore the concept of speculative risk in the context of general insurance—learn why such risks are not typically insurable and the implications for policyholders.