Underwriting Risk.

Underwriting risk is the inherent risk in the insurance underwriting process that the actual losses experienced by an insurer will exceed the expected losses. Underwriting risk can be caused by a number of factors, including adverse selection, moral hazard, and changes in the underlying risk factors. What are the types of risk classification? There are … Read more

Functional Obsolescence.

Functional obsolescence is a type of obsolescence that occurs when a property no longer meets the needs of its current owner or occupants. This can happen for a number of reasons, including changes in technology, changes in taste, or changes in the local market. Functional obsolescence can also occur when a property is not properly … Read more