It is hard to believe, even for insurance industry professionals, that First Notice of Loss (FNL) is the beginning of the P&C insurance claim management process. But that is too myopic a perspective. The beginning of the P&C insurance claim management process is the underwriting process that determines acceptance or rejection of a risk (or… Continue reading The Beginning of the P&C Insurance Claim Management Process
Tag: insurance claims
My advice to insurance startups
Any person starting an insurance firm, whether an insurance broker or insurance carrier needs to keep in mind that: No insurance line of business is a commodity.Every insurance line of business is regulated. In the US, insurance firms must comply with each of the regulations in each jurisdiction the insurance firm intends to conduct business.Regulators… Continue reading My advice to insurance startups
