Many insurance markets have reinstated premium stabilization programs to ensure financial protection from market volatility. In this paper, we focus on one such regulation—risk corridors (RCs)—in the context of the Health Insurance Marketplaces established under the Affordable Care Act. We develop a...
Reducing driver risk could save you money on car insurance. (iStock) When it comes to car insurance rates, your driving record and driving habits can influence what you pay for coverage. Car insurance companies use a risk assessment to determine where to set your rates. Understanding how drive...
Insurance can play a key role in business risk management, effectively transferring certain risks to an insurance company—for a price. Policies likedata breach insurance,professional liability insurance, and othertypes of business insurancemay help protect your business, limiting your losses and allowing...
How do life insurance companies handle cases? Life insurance companies assess each claim based on the policy terms, verifying the cause of death and eligibility for the life insurance payment before disbursing funds. Can you use life insurance before you die?
First, based on the granularity of the dataset, we contribute to the understanding of how firms manage their FX exposures. Second, the data allow for the calculation of a hedge ratio and subsequently, a classification of derivative positions into risk-decreasing, risk-increasing, and risk-...
Travel insurancecovers the costs and losses associated with traveling, including trip cancellations or delays, coverage for emergency health care, injuries and evacuations, damaged baggage, rental cars, and rental homes.10However, even some of thebest travel insurance companiesdo not cover cancellations...
Premiums are a way for the insurance company to manage risk. When there's an increased possibility that an insurance company may have to pay out money toward a claim, they can offset that risk by charging a higher premium. For example, most insurers charge higher premiums for young male dri...
Insurance companies are just too pleased to oblige, with the full awareness that all risk stops for the insurer when a client takes cash value money and closes the account. The insurance company retains all the premiums already charged, pays interest received on its assets to the client, and ...
“You’re going to have multiple security exposures that you need to manage if you’ve got data in different platforms,” she says. Drew Schnehage, managing director of insurtech business Innovation Group Australia, says legacy software and poor tech integration also risk compromisi...
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