WinsurTech Blog | Insurance Concepts and Practical Solutions

How to Handle Non-Payment of Premiums and Policy Cancellations

webner2026-01-09T05:30:31+00:00January 9, 2026|Uncategorized|

Post Views: 10

| ByWinsurtech

Introduction Non-payment of insurance premiums is one of the most common reasons policies are cancelled, yet it is also one of the most preventable. Whether you are an insurance professional, [...]

Power BI Tip: How to Make Newly Added Data Source Columns Appear in the Report Designer.

webner2025-12-18T05:33:11+00:00December 18, 2025|Uncategorized|

Post Views: 119

| ByWinsurtech

Insurance Transaction Categories: Explained with Real-Life Examples

webner2025-12-12T06:03:12+00:00December 12, 2025|Uncategorized|

Post Views: 231

| ByWinsurtech

Understanding Insured Name Mapping in AL3: Groups, Fields, and Formats.

webner2025-12-03T09:48:22+00:00December 3, 2025|Uncategorized|

Post Views: 188

| ByWinsurtech

What is the purpose of Inland Marine Insurance? How is it different for Personal Lines as compared to Commercial lines?

webner2025-11-27T05:22:23+00:00November 27, 2025|Uncategorized|

Post Views: 225

| ByWinsurtech

What kind of data is collected and coverage is provided in inland marine personal insurance?

webner2023-04-24T07:18:59+00:00December 13, 2021|Insurance|0 Comments

Post Views: 2,733

| ByWinsurtech

Overview Personal inland marine insurance protects personal property that may not be covered under the traditional homeowners' insurance policy due to the various exclusions and limitations on homeowners’ coverage. [...]

Collision Coverage

webner2023-04-24T06:34:03+00:00December 7, 2021|Insurance|0 Comments

Post Views: 2,603

| ByWinsurtech

Introduction Collision coverage is a type of automobile coverage that pays for the repair or replacement of a vehicle in case of an accident caused by a collision with [...]

Vicarious liability

webner2023-04-24T07:19:31+00:00December 3, 2021|Insurance|0 Comments

Post Views: 2,648

| ByWinsurtech

When you or your company is held financially liable for the activities of another group or person, this is known as vicarious liability. This is the legal structure that [...]

How to open ACORD AL3 files

webner2023-04-24T07:20:17+00:00November 25, 2021|ACORD AL3|0 Comments

Post Views: 5,151

| ByWinsurtech

What is AL3? AL3 is one of the P&C standards created by ACORD. This standard was developed in the early 1980s. AL3 is designed as a batch communication method [...]

Intentional Act

webner2023-04-24T07:21:13+00:00November 23, 2021|Insurance|0 Comments

Post Views: 2,495

| ByWinsurtech

As the name implies, intentional acts are those acts that you intend to perform. For example, if you swing a fist at someone during a fight it would be [...]

Bodily Injury Liability in Personal Lines policies

webner2023-04-24T07:22:10+00:00November 18, 2021|Insurance|0 Comments

Post Views: 2,392

| ByWinsurtech

What is Bodily Injury Liability and in which AL3 group its details can be found in Personal Lines policies? Introduction to Bodily Injury coverage: If you get into a [...]

What does Hazardous Occupation mean in Insurance

webner2023-04-24T07:23:04+00:00November 16, 2021|Insurance|0 Comments

Post Views: 2,196

| ByWinsurtech

What does Hazardous Occupation mean in Insurance? When you work in a hazardous occupation, your risk of injury or death increases. Occupational risk insurance provides financial resources to you [...]

What does Employee Benefits mean in Insurance?

webner2023-04-24T07:23:40+00:00November 12, 2021|Insurance|0 Comments

Post Views: 2,936

| ByWinsurtech

Employee benefits include many types of non-wage compensation given to employees in addition to their usual wages or salaries. Employers offer insurance to their current employees in the form [...]

The difference between an Insurance Broker and an Insurance Agent

webner2023-04-24T07:24:54+00:00November 10, 2021|Insurance|0 Comments

Post Views: 2,903

| ByWinsurtech

Explanation: Agent: An insurance agent sells or promotes insurance products on behalf of their organization. It is a person who represents an organisation and sells its product. An insurance [...]

Rental Car Insurance: Do I need to buy it?

webner2023-04-24T07:55:34+00:00November 3, 2021|Insurance|0 Comments

Post Views: 2,357

| ByWinsurtech

If you want to hire a car, the first thing you need to do is read the car-sharing agreement. You must first see your insurance agent before engaging in [...]

Loss of Job Insurance

webner2023-04-24T07:55:52+00:00November 1, 2021|Insurance|0 Comments

Post Views: 2,994

| ByWinsurtech

Overview A job insurance policy insures the insured family by providing financial aid. This Policy is useful in case the primary source of income in the family losses the [...]

Tangible and Intangible Damages

webner2023-04-24T07:56:36+00:00October 29, 2021|Insurance|0 Comments

Post Views: 5,863

| ByWinsurtech

Tangible damages are economic damages including medical and rehabilitation expenses and lost wages. They are basically the physical damage to assets like Direct damages- Building contents infrastructure Indirect loss [...]