Moral Hazard

2 Posts
1 Sections
1 Types

October 4, 2023 4 min read Definitions

Understanding Moral Hazard in General Insurance Terms

Insurance Terms Risk Management Ethics Insurance Moral Hazard Risk Management Ethics Fraud Prevention

Explore the concept of moral hazard in insurance, where an insured's attitudes or morals lead to risky behavior. Learn with an example involving fraudulent claims.

October 1, 2023 4 min read Definitions

Over Insured in General Insurance Terms: Definition and Implications

Insurance Fundamentals Risk Management Personal Finance Insurance Coverage Overinsured Moral Hazard Risk Management Financial Planning

Explore the concept of being over insured in insurance. Understanding over insurance, its risks, and how it might impact policyholders. Learn about the moral hazard associated with excessive coverage.