It is often said that Britain and America are “two nations divided by a common language.” Extending this thought to how the request for an “insurance valuation” might be interpreted on each side of the Atlantic, or perhaps even further afield, we learn that such a simple term has infinite subtleties.
This article, published in The Insurance Research Letter, entitled "International Nuances of Insurance Valuation Practice," explains how the request for an insurance valuation can differ around the world.