In the ACORD 125 Commercial Insurance Application, the Nature of Business field may appear simple, but it carries significant weight throughout the insurance process. This single field helps carriers understand [...]
Introduction In a different blog, we have already discussed the meaning and types of profitability ratios. However, it is imperative to understand the importance of these ratios for an [...]
Introduction to BOP A business owner policy also known as BOP is an insurance policy that combines protection from all major property and liability risks in one package. A [...]
What is a Motor Vehicle Report(MVR)? A motor vehicle report also abbreviated to MVR is the driving record of an individual. It is a history, maintained by the state’s [...]
Introduction Almost all businesses with employees are legally obligated to take reasonable care to assure that they provide safe workplaces to their employees. Nevertheless, mishaps happen. Handling the expense [...]
Azure Serverless Architecture: Serverless architecture is also known as Serverless Computing or Function as a Service(FaaS)/Backend as a Service(BaaS) depending on its utility. Backend as a service (BaaS): The [...]
Admitted and Non-admitted Assets Admitted and non-admitted assets are the classifications of assets generally used by the insurance companies. For reporting of financial data, insurance companies use statutory accounting [...]
There is one s3 bucket named content-webners which contains two directories named open (which contains publicly accessible contents) and another is secure (which contain protected HTML based contents) Below [...]
What is a P&C insurance company? They are insurance companies that insure the property owned by individuals like a car or house or literally anything under the sun. However, [...]
Introduction to the concepts In our daily lives, we come across these terminologies and tend to think that they mean one and the same thing. However, we must draw [...]
Introduction Suppose you get into a car accident and injure someone else. Bodily injury liability will cover the expenses involved in treating that person. This insurance coverage not only [...]
Salesforce Accelerators are 1-on-1 coaching sessions given by deep knowledge experts. Each Accelerator functions on one particular topic, and length varies from 2-15 hours across multiple weeks. All Accelerators [...]
Introduction to Reinsurance We have already discussed How Insurance Companies Make Profit? But what if there is a situation where an insurance company fails to make profits or a [...]
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