Insurances: Current Challenges for a Dynamic Industry
In the following we’ll be discussing about the current opportunities and challenges faced by the insurance industry. First, what does Insurance really mean? In short, Insurance is a transfer of risk, i.e., risk is transferred from entity A (the policyholder) to entity B (the insurance carrier) in exchange for some amount of money (the premium). This deal implies that A pays to B, and afterwards entity B will bear the risk of any contingent or uncertain loss related to A’s assets and activities. This way, Insurances are essentially a form of risk management… (Continue Reading)