Banking and Insurance

Risk management through insurance

Risk Management: 6 Wonderful Types of Insurance

Risk management through insurance remains the most prudent of protection. Insurance protects people, property, and assets against the financial consequences of life’s uncertainties. Insurance companies have put in place different suits to cover diverse requirements of insurance consumers. This is what you need to know about if you know to start; You cannot eliminate risk, …

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Unsecured loans

Unsecured Loans vs Secured Loans: Free Beginners Guide+5 Ways To Get Approved

Unsecured loans are those that you are not required by the lender to provide any security for. A lot of people are in need of a loan, but find it difficult to choose secured vs unsecured loans. Secured loans are backed by collateral, while unsecured loans have no collateral and rely on your credit score. …

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Commercial Papers 101-Amazing basics you should not miss

Commercial papers are types of short-term debt instruments businesses use to finance their operations. It’s essentially a promissory note, whereby the issuer promises to repay the principal and interest on the debt at a specific date in the future. The maturity date of commercial papers rarely exceeds 270 days. They are typically issued by large, …

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Trade Credit Insurance: Valuable Basics and 5 Claimable Events

Trade Credit Insurance is an insurance policy that protects you against losses due to non-payment of your debtors. It can be a smart choice for companies who need protection from unexpected business risks, such as the sudden bankruptcy of one of their largest clients. This type of insurance can cover any number or type of …

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Bank of Japan to scale back pandemic-era economic support

Loans From Banks for Business: Strong Barriers You Must Avoid

Loans from banks for business can make the difference between achieving your goals or not. There are barriers to borrowing from banks that you must overcome before the banks give you that letter of offer. At first glance, it seems illogical why people with bad credit or no credit would be denied bank loans. However, …

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Trade Credit Terminologies: 15 Terms You Must Master

Trade Credit Terminologies can be confusing to understand. Yet, you must master them to fully benefit from trade credit insurance. Trade Credit Insurance is a policy bought by traders that sell on credit terms. It protects against losses from unpaid invoices, thereby avoiding cash flow problems that can occur when your customers default. Take responsibility …

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Initial Public Offers (IPO): Facts you must know

An IPO, or Initial Public Offering, is the first time a company offers its stock to the public. The first-ever recorded IPO was in 1602 by the Dutch East India Company. Just like how it sounds-an “IPO” stands for “Initial Public Offering.”  Recently, we’ve seen some big IPOs from companies like Facebook and Amazon. If …

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Phone Insurance: 7 Important Things You Must Know

Phone Insurance is a type of insurance policy that offers you protection when your cell phone is stolen, damaged or lost. During these inflationary times, you should be always protecting your assets from any risks that can drag into debt, and insurance remains a good solution. Insuring your phones is one of the best decisions …

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The Insurance Industry Needs to Align on Best Practices

The Insurance Industry Needs to Align on Best Practices

[ad_1] This post is part of a series sponsored by TransUnion. Social and regulatory attention has been using fairness and equity as a lens to evaluate the outcomes of existing processes like insurance underwriting. For example, a new law in Colorado, which will come into effect at the beginning of 2023, will require insurers to …

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