Risk

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1 Sections
1 Types

October 10, 2023 4 min read Definitions

Understanding Risk in General Insurance Terms

Finance Insurance Risk Management Insurance Risk General Insurance Uncertainty Coverage

Learn about the term 'Risk' in general insurance, which refers to the person, organization, or thing insured, and the uncertain outcomes in events with multiple possibilities.

October 10, 2023 4 min read Definitions

Understanding Self Insured Retention (SIR) in General Insurance

Business Finance Insurance Insurance Risk Finance Deductible Self-Insured Retention

Learn about Self Insured Retention (SIR), its implications, and how it affects the insured in assuming a fraction of a risk. Dive into the key aspects of deductibles and uninsured portions.