New pages

12 August 2025

• 09:4709:47, 12 August 2025 Claims Made (hist | edit) [982 bytes] PaulWaring (talk | contribs) (Created page with "Certain policies - particularly professional indemnity - may be sold on a Claims Made basis. This means that the claim is covered by the policy in force at the point the claim is made, which could be a different policy to the one in force when the incident giving rise to the claim occurred. The insurer is therefore taking on a significant risk when offering a new policy, because they will be covering events that occurred prior to the policy starting if they result in a c...")
• 09:4209:42, 12 August 2025 Claims Occurred (hist | edit) [448 bytes] PaulWaring (talk | contribs) (Created page with "The vast majority of insurance policies are sold on a Claims Occurrences basis. This means that the claim is covered by the policy which was in force at the time of the incident which caused the claim. In most cases this will be the current or previous year's policy, however for long-tail risks (e.g. asbestosis claims under employer's liability) this could be a policy written decades ago. The alternative mechanism is Claims Made.") originally created as "Claims Occurrences"