Key Differences between Insurtech and Traditional Insurance
by Insurtech Insurtech a portmanteau of “insurance” and “technology,” refers to the innovative use of technology …
Tag: Risk Management
Key Differences between Insurance Score and Credit Score
Insurance Score An insurance score is a numerical representation derived from a statistical analysis of …
Key Differences between Insurance Pool and Reinsurance Pool
Insurance Pool An insurance pool is a collaborative arrangement among multiple insurance companies to share …
Key Differences between Insurance Fraud and Misrepresentation
Insurance Fraud Insurance fraud refers to the deliberate act of deceiving an insurance company to …
Key Differences between Insurable Interest and Beneficial Interest
Insurable Interest Insurable interest refers to a fundamental principle in insurance where the policyholder must …
Key Differences between Inland Marine Insurance and Ocean Marine Insurance
Inland Marine Insurance Inland Marine Insurance is a specialized form of insurance that provides coverage …
Key Differences between Individual Insurance and Group Insurance
Individual Insurance Individual insurance refers to insurance coverage designed for the protection of an individual’s …
Key Differences between Indemnity Insurance and Non-indemnity Insurance
Indemnity Insurance Indemnity insurance is a type of coverage that compensates the policyholder for financial …
Key Differences between Health Insurance and Medical Insurance
Health Insurance Health insurance is a financial arrangement that covers the cost of medical expenses …
Key Differences between Hard Market and Soft Market
Hard Market Hard market refers to a condition in the insurance industry characterized by high …