Key Differences between Direct Writer and Independent Agent
by Direct Writer A direct writer is an insurance company that sells its policies directly to …
Tag: Hard Market
Key Differences between Difference in Conditions (DIC) Insurance and All-risk Insurance
Difference in Conditions (DIC) Insurance Treaty Difference in Conditions (DIC) Insurance is a reinsurance agreement …
Key Differences between Deductible and Co-payment
Deductible Deductible is the predetermined amount of money that an insured individual or business must …
Key Differences between Deductible and Co-insurance
Deductible A deductible is the predetermined amount of money that an insured individual or business …
Key Differences between Cyber Insurance and Data Breach Insurance
Cyber Insurance Cyber insurance, also known as cybersecurity insurance or cyber risk insurance, is a …
Key Differences between Commercial Umbrella Policy and Excess Liability Policy
Commercial Umbrella Policy Commercial Umbrella Policy is a supplementary insurance coverage that extends liability protection …
Key Differences between Co-insurance Clause and Average Clause
Co–insurance Clause A Co-insurance clause in insurance contracts mandates that policyholders maintain coverage for a …
Key Differences between Catastrophe Bonds and Traditional Reinsurance
Catastrophe Bonds Catastrophe bonds, or “Cat bonds,” are financial instruments designed to transfer the risk …
Key Differences between Cash Value and Surrender Value
Cash Value Cash Value, in the context of insurance, refers to the accumulated savings or …
Key Differences between Captive Insurance and Traditional Insurance
Captive Insurance Captive insurance refers to a company establishing its own insurance subsidiary to provide …