Difference between Loss Adjusters & Loss Assessors

by Adam BishopNovember 23, 2010

Have you ever wondered what a Loss Adjustor is?  What about a Loss Assessor?  Perhaps you already know roughly what they both do but would like to know more? The following article will attempt to elucidate! Contents What is a Loss Adjuster? What does a Loss Adjuster do? What is a Loss Assessor? What does [...]

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We’re hiring!

by Adam BishopNovember 1, 2010

At ADM Network we’re currently looking for software developers and sales executives in the insurance software sector to join our rapidly growing operation in Cambridge, UK. If you haven’t yet heard of SchemeServe, please see http://www.SchemeServe.com for more information on the software you’ll be working on / promoting. Full job descriptions for both roles are [...]

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The Average Condition

by Adam BishopOctober 26, 2010

As part of our ongoing insurance how-to we continue to explore the terminology and practices used in the Insurance world. Today we will be looking at The Average Condition and will explore ; What is an Average Condition ? Example of Average applying to a Claim Special Condition of Average – 75% Why do Insurers [...]

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Operating Ratio

by Adam BishopOctober 14, 2010

As part of our ongoing insurance how-to series we continue to explore the terminology and practices used in the Insurance world. Today we will be looking at Operating Ratio and will explore: What is an Operating Ratio? How do you calculate an Operating Ratio? How can an Operating Ratio help me with my business? What [...]

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Binding Authority

by Adam BishopOctober 7, 2010

This week we’ll be expanding our glossary of insurance terms as we delve into Binding Authorities. Article contents: What is a Binding Authority? How does an Insurer control a binding Authority? How does the Insurer get their premium? Who handles the claims? What is a Binding Authority? A Binding Authority is an agreement whereby an [...]

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Lapse Ratio

by Adam BishopSeptember 28, 2010

As part of our ongoing insurance how-to series we continue to explore the terminology and practices used in the Insurance world. Today we’ll be explaining Lapse Ratio, how it is used and the effects is has, giving examples and calculations. (If you haven’t already, you may also like to see our articles on Claims Loss [...]

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Claims Excess or Claims Franchise?

by Adam BishopSeptember 22, 2010

As part of our ongoing insurance how-to series we continue to explore the terminology and practices used in the Insurance world. Today we’ll be explaining Claims Deductions; we’ll break down the Claims Excesses and Claims Franchises that are applied by Insurers and explain why they use them. We will explore: What is an Excess and [...]

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How to calculate Earned Premium example

by Adam BishopAugust 25, 2010

Following on from our glossary series of insurance terms and methods in which we outlined Claims Loss Ratio and Combined Ratio, I would like to take a look at the concept of Earned Premium and give you a few examples as to the usage, importance and pitfalls when working with it. In this article I [...]

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6 steps to increase sales on your insurance website

by Adam BishopMay 27, 2010

Introduction In today’s fiercely competitive digital marketplace, insurance products are diverse, tailored and changing.  Customers need trusted advice more than ever — and will happily pay for it. Providers who fail to establish themselves as trusted authorities will at worst be ignored completely and at best miss out on the more profitable accounts. Your customers [...]

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Flying has become a risky business

by Adam BishopMay 17, 2010

My life runs smoothly owing at least in part to the regular currency of International flights. So I have recently come to realise. You may have noticed I’ve not posted for over a month now, which must certainly represent the longest gap in RiskHeads coverage ever. You see, I *was* stuck in Paris, but now [...]

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