Personal risk management.
I’m stuck on a Business question and need an explanation.
/0x4*
- Explain vicarious liability.
- Explain the difference between hull insurance and P & I insurance.
- What is the purpose of an umbrella policy?
- Explain underwriting profit.
- What are earned premiums?
- What are incurred losses?
- Explain the two ways that an insurance company can grow along with the advantages/disadvantages of each.
- What is root cause analysis (RCA) and common cause analysis (CCA)?
- Explain what reunderwriting is and when it should be used.
- What does credit scoring mean?
