Essential Resources & Blogs for Insurance Agency Success

Incurred Losses Explained: Understanding Insurance Claims

Coverage Article, Helpful Tips: For Employees, Helpful Tips: For Training

Why Incurred Losses Matter and How to Explain It to Your Client When discussing insurance financials with clients, few concepts create more confusion than incurred losses. Many policyholders assume their premiums directly correlate to claims paid out, missing the complex financial picture that incurred losses reveal. Understanding this concept becomes critical for both insurance professionals […]

Insurance Exposure Simplified: Essential Risk Management for Insurance Professionals

Coverage Article, Helpful Tips: For Training

Understanding Risk Exposure in the Insurance Context Definition of Exposure vs Risk In the insurance industry, professionals must understand the distinction between exposure and risk. The insurance exposure definition describes being vulnerable to potential losses, whereas “risk” refers to the likelihood of those losses occurring. Think of it this way: what is exposure in insurance […]