Understanding Reinsurance: A Beginner’s Guide

Understanding Reinsurance: A Beginner’s Guide

Reinsurance is a cornerstone of the global insurance market, yet for those new to the industry, it can seem a complex and opaque topic. In this beginner’s guide, we break it down clearly – what it is, how it works, and why it matters – so you can better...
What Is the Expected Loss Cost of an Insurance Policy?

What Is the Expected Loss Cost of an Insurance Policy?

Pricing an insurance policy is a delicate balance. Insurers must set a premium that is high enough to cover claims, expenses and profits, yet competitive enough to attract policyholders. But how can an insurer price a policy before knowing how much they will actually...