Kellsie 
Apportionment is the process of allocating risk and premium among the various insurers who provide coverage for a given policyholder. The apportionment of risk and premium is typically done on a pro rata basis, meaning that each insurer bears a proportionate share of the risk and premium based on the amount of coverage they provide. … Read more
Anchoring is a cognitive bias that refers to the tendency to rely too heavily on the first piece of information that we receive when making decisions. This can lead to bad decision-making, as we may not take into account all of the relevant information when making our choice. For example, let’s say you are trying … Read more
The meaning of pledging is to pledge one or more assets as an additional form of payment guarantee, usually with a lender. This system is used in banking to guarantee financial operations, as may be the case of loans where the applicant's profile does not have sufficient guarantees for the return of the borrowed money. … Read more
