This book details key property and casualty concepts rarely discussed or found in print; rather they are often left to be "discovered" over time. These important concepts are now written down for all insurance practitioners to easily access. Examples of the topics and concepts found in this book include rules for reading ANY insurance policy; why losses are excluded; contractual risk transfer; legal liability theories; "COPE" details; and the proper explanation of coinsurance concepts. Also included is a rather extensive glossary of insurance and insurance-related terms. Readers will: 1) Gain a deeper understanding of insurance theories; 2) Be better prepared to explain insurance concepts to their clients; and 3) Develop a greater appreciation and understanding of the claims valuation process.

A lively insight and comprehensive guide for underwriters and risk and insurance managers, insurance intermediaries, college students and anyone who has an interest in international property insurance. Claudio Böttcher and Andy Baumli share their expertise in the field of international property insurance to help you understand the most important aspects/parameters of underwriting complex global industrial risks. They offer practical guidance on finding the most appropriate insurance solutions for your clients in terms of meeting their needs as well as ensuring compliance with the legal and regulatory requirements in all the countries in which they operate.