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Argosy Risk Specialists

Insurance, United States, New York, New York City

Argosy Risk Specialists provides innovative insurance solutions and expert risk assessment to protect businesses from financial loss and cybersecurity threats.

About Argosy Risk Specialists

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
United States of America, New York state
Official Website
http://www.argosyrisk.com
Location Address Official Phone Email
United States of America, New York state United States, New York, New York City **** ****
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FAQs – Argosy Risk Specialists

What is big data in insurance?

Big data in insurance refers to the vast amount of structured and unstructured data collected from various sources, such as IoT devices, social media, telematics, and claim records. Insurers use advanced analytics to improve risk assessment, pricing, and customer service.


Why do insurance premiums vary between individuals?

Premiums vary because insurers assess personal risk factors, such as age, occupation, medical history, credit score, and lifestyle habits, which influence pricing.


Are there any exclusions in baggage loss coverage?

Yes, common exclusions include unattended baggage, loss due to airline negligence, pre-existing damage, loss of cash, and high-value items like jewelry or electronics unless declared separately. Some policies also exclude baggage left in unsecured locations. Always read your policy’s terms to understand exclusions.


What is term insurance?

Term insurance is a type of life insurance that provides coverage for a specific period, such as 10, 20, or 30 years. It pays a death benefit to the beneficiary if the policyholder passes away within that term.


How do war and terrorism exclusions work?

Many policies exclude damages caused by war, terrorism, or civil unrest, although specialized insurance policies can provide coverage for these risks.


What is excess of loss reinsurance?

Excess of loss reinsurance is a form of non-proportional reinsurance where the reinsurer covers losses that exceed a predefined retention limit set by the insurer. This is commonly used for catastrophic risks, such as natural disasters, where claims may be unusually high and require additional financial support.


What is insurance indemnity?

Insurance indemnity refers to the compensation or reimbursement an insurer provides to a policyholder for a covered loss, ensuring they are restored to their financial position before the loss occurred.


What happens if my short-term disability runs out?

If you are still unable to work, you may transition to long-term disability, apply for Social Security Disability, or explore other financial options.


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