by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is the Cape Cod Method?Cape Cod method, otherwise called the Stanard-Buhlmann method, is used in calculating ultimate losses in loss reserves. Losses are projected through the Cape Cod method by measuring both loss exposure and loss development that occur in a...
by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is Accidental Means?Simply put, an accident is an unintended or unexpected occurrence. Accidental means is a provision under an insurance policy that covers losses incurred by an insured. This is an insurance policy that provides coverage for losses, body...
by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is the Commercial Property Casualty Market Index Survey?Commercial property casualty market index survey is a market report designed to examine insurance agents and brokers. The report is meant to give out information regarding the performance of the market on a...
by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is Political Risk?The risks that the return on investments could face due to political changes or lack of stability in an economy are known as political risks. Such inconsistencies can include a change in government structure, foreign policy officers, army...
by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is an Accommodation Line?Insurance offered as an addition or modification to a standard insurance agreement is an accommodation line. Typically, an accommodation line on its own is not an insurance policy, it is written or attached to an existing standard policy....
by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is Accelerative Endowment?An endowment policy is a life insurance contract or policy that enables an insured individual to have entitlement to the payment of a lump sum of money after the policy matures. An accelerative endowment is an insurance option used in a...
