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Types and Characteristics of Digital Currencies: Pros, Cons, Future Applications

By Itho May 3, 2018

[ad_1] What Is a Digital Currency? Digital currency, also known as digital money or electronic money, exists solely in digital form without a physical counterpart. Unlike traditional cash, digital currencies…

What Is an Ex Gratia Payment? Understanding Non-Liability Funds

By Itho July 28, 2015

[ad_1] What Is an Ex Gratia Payment? An ex gratia payment compensates an individual for damages or claims without admitting liability. It is made by an organization, government, or insurer. Ex…

Expected Loss Ratio (ELR) Method: Calculation and Insights

By Itho April 15, 2015

[ad_1] What Is the Expected Loss Ratio (ELR) Method? Expected loss ratio (ELR) method is a technique used to determine the projected amount of claims, relative to earned premiums. The…

What Are Experience Ratings in Insurance

By Itho March 24, 2015

[ad_1] What Is an Experience Rating? An experience rating is the amount of loss that an insured party experiences compared to the amount of loss that similar insured parties have.…

Understanding Excess of Loss Reinsurance: Definition, Features, and Benefits

By Itho March 21, 2015

[ad_1] What Is Excess of Loss Reinsurance? Excess of loss reinsurance is a type of non-proportional reinsurance in which the reinsurer indemnifies–or compensates–the ceding company for losses that exceed a…

Master Guide to Employers’ Liability Insurance: Definition, Coverage, & Limits

By Itho October 19, 2014

[ad_1] What Is Employers' Liability Insurance? Employers' liability insurance provides coverage to workers who have suffered a job-related injury, illness, or death and protects businesses from financial loss due to…