Jayne 
A protected cell company (PCC) is a corporate structure used in the insurance industry that allows for the segregated management of risk within a single legal entity. Each “cell” within the PCC is treated as a separate account, meaning that the assets and liabilities of one cell are not available to creditors of another cell. … Read more
Delivered Duty Unpaid Shipping When ordering something from an online store, you may come across the shipping terms “Delivered Duty Unpaid” or “DDU”. This means that the seller is not responsible for paying any customs duties or taxes that may be levied on the goods when they arrive in the destination country. The buyer will … Read more
The Bornhuetter-Ferguson technique is a method used to estimate the ultimate loss from an insurance policy. This technique is used when there is a lack of data on the historical claims experience for the policy in question. The technique relies on two key components: the expected loss ratio and the average claim size. The expected … Read more
When we talk about complementary goods, we are talking about those who need another good to be able to be consumed and satisfy, in this way, the consumer's need. Let's think about a simple example: cocoa powder. The most common is that in order to consume it, you have to use milk or another ingredient … Read more
