General Insurance

Understand loss development in general insurance, which refers to the variance between initially estimated losses and reported losses over time.

Learn about First Loss Insurance, the key policy for submitting initial claims and securing anticipated loss coverage.

Learn about losses outstanding in general insurance, which refers to the claims that have not yet been settled by an insurer, as detailed in a summary statement.

Learn about Merit Rating, a rating plan commonly used in personal automobile insurance where the premium amount is determined by the insured's loss record.

Discover what a Multiple Line Policy entails in general insurance terms. Learn about personal or commercial package policies that include various coverages.

Learn about the concept of odds in general insurance, which represents the likely chance of an event occurring within a statistical sample, expressed either as a decimal fraction or a ratio.