Risk Evaluation

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October 4, 2023 4 min read Definitions

Loss Severity in General Insurance: Understanding Financial Impact

Insurance Risk Management Finance Insurance Loss Severity Financial Loss Risk Evaluation Claims Management

Learn about loss severity in general insurance, which refers to the amount of a loss in financial terms. Understand how it impacts insurance claims and overall risk management.

October 4, 2023 5 min read Definitions

Understanding Physical Hazards in General Insurance

Insurance Risk Management Business Insurance Physical Hazard Risk Evaluation Risk Management Structural Risk Operational Risk

Learn about physical hazards in general insurance, which are caused by the structural or operational features of the risk. Find out how these hazards impact insurance policies.