Insurance principles

  • Business should be insurable
  • Risk assessable
  • Cover clearly defined
  • Insurer has right of refusal for cover
  • Adequate premiums charged
  • Rates affordable
  • Rates reflect differences in risk
  • Rates & Underwriting should minimise anti selection
  • Claim management firm & fair

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s