An insurance risk class has similar characteristics, which are used to determine the risks of underwriting a policy and the premium that should be charged.

The transfer of risk is the primary tenet of the insurance business, in which one party pays another to bear the costs of some potential expenses.

Discover the definition, types, benefits, and differences between permanent and term life insurance. Choose the right policy ...

Insurers are responding with targeted products. From travel medical coverage to registration protection, the market is ...

Risk shifting makes sense for life insurance where 100% of the risk is shifted to the carrier. It makes less sense in property/casualty insurance where large deductibles and self-insured ...

Definition and Overview. High-risk car insurance is essentially the same as any other auto insurance policy, but it may be more expensive because insurers have determined that you're more likely ...

Personalized risk profiling allows for a nuanced understanding of each individual, which in turn can personalize insurance offerings to an unprecedented degree.

The most forward-thinking brokers are moving beyond pure insurance placement, becoming risk advisors who help clients reduce their exposures and, in turn, secure more favourable coverage. Clients gain ...

Simply sign up to the Cyber Security myFT Digest -- delivered directly to your inbox. A body representing risk managers across Europe has warned cyber insurance could become an “unviable product ...

An estimated 321,294 homes across Colorado valued at $141 billion are at risk of being destroyed by wildfires, according to CoreLogic’s 2024 Wildfire Risk Assessment.