In our post titled "Policy – Legal Contract or Not?" we discussed the fact that any insurance policy is merely an insurance contract between two or more entities. The vast majority of the cover that an insured purchase relates to damage or loss that the insured suffered on his own person or property.
Extracted from original studies by the Cambridge Centre for Risk Studies at the University of Cambridge Judge Business School, the Lloyd’s City Risk Index (2015-2025) shows how governments, businesses and communities are highly exposed to systemic, catastrophic shocks and could do more to mitigate risk and improve resilience.
Risk is a key element of the insurance equation. Understanding risk and how to manage it is an essential skill all insurance brokers need to develop and ideally master. Here are three TED Talks about risk and risk management that we recommend every broker should watch.
Spring is around the corner and that means summer is not far away. Typically, this is the time of the year when many people consider installing solar geysers so they can harness the many days of sunshine we have in Nambia. Solar geysers however, represent a complete new challenge for the insurance industry.