by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is a Chartered Insurance Professional?A Chartered Insurance Professional is an important title in the Canadian Insurance community. It is a title given by the Insurance Institute of Canada to professionals to assume positions, such as underwriters or brokers. The...
by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is Business Interruption Insurance?Business interruption insurance is a type of insurance coverage that takes care of business’ income loss in case of a natural disaster. It compensates for the business’ revenue loss as a result of a calamity. When a...
by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is Clean Sheeting?Clean sheeting is an illegal practice in insurance whereby an individual purchases a life insurance policy without discussing the pre-existing medical condition with the insurer. Clean sheeting is often done with the help of a third party which...
by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is an Affidavit of Loss?An affidavit of loss is a form that swears to the loss of a specified asset or assets. The form is filed with a company that will take action based upon the loss. For example, an affidavit of loss must be filed with the insurer before it...
by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is Capital at Risk?CaR refers to the capital amount that is earmarked to cater for risks. Capital at risk applies to insurance and self-insured companies responsible for underwriting insurance policies. It’s utilized for loss payment. Also, it is mandatory...
by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is the American Risk and Insurance Association?The American Risk and Insurance Association (ARIA) is an organization established in 1932 for academics, scholars, professionals and, associates in the insurance industry. The primary objective of this association is...
