What It Is: Actuaries use math and statistics to predict potential risks and financial costs for insurance companies. The Story: As an actuary, Sam’s...
What It Is: Exclusions detail what the insurance won’t cover. The Story: While Paul’s home insurance covered many incidents, it had an exclusion for...
What It Is: Coverage specifies what the insurance policy will compensate for. The Story: Nathan’s travel insurance offered coverage for flight delays....
What It Is: The policyholder owns the insurance policy and pays its premiums. The Story: As a new car owner, Mia became a policyholder, ensuring her...
What It Is: An underwriter evaluates and decides the terms of insuring potential risks. The Story: Daniel, an underwriter, studied the application of a bakery...
What It Is: The deductible is the amount you cover before your insurance kicks in. The Story: When Lisa’s basement flooded, she was relieved to have...
Decoding the Backbone of the Insurance Industry Behind every insurance policy, there are experts ensuring that both the policyholder and the company are in a...
What It Is: Coverage specifies what the insurance policy will compensate for. The Story: Nathan’s travel insurance offered coverage for flight delays....
What It Is: An underwriter evaluates and decides the terms of insuring potential risks. The Story: Daniel, an underwriter, studied the application of a bakery...
