Principles of Insurance

Claims settlement principles form the foundation of a fair and efficient insurance process, ensuring both policyholders and insurers uphold their […]

Policy renewal and continuation are fundamental principles underpinning the stability and effectiveness of insurance agreements. These processes ensure ongoing coverage,

Exclusions and policy exceptions are fundamental components shaping the scope and effectiveness of insurance coverage, yet they often remain misunderstood

Understanding coverage limits and policy caps is essential for comprehending how insurance policies manage financial risks. These parameters define the

Understanding insurable risks and hazards is fundamental to the principles of insurance, guiding insurers in assessing what constitutes a viable

Understanding the principles of loss prevention and risk reduction is integral to effective insurance management. These strategies not only safeguard

Premium determination principles form the cornerstone of sound insurance practices, ensuring that premium rates are fair, adequate, and legally compliant.

The acceptance and rejection of risks form the bedrock of sound insurance principles, balancing potential threats with strategic decision-making. How

The insurance policy formation process is a fundamental aspect of establishing effective risk management arrangements for individuals and organizations alike.