Author: Chris Ajibola

Insurance companies play a vital role in protecting individuals and businesses from financial loss. Their ability to function effectively depends largely on having a large risk pool of policyholders paying premiums. A risk pool is the total number of individuals or entities that contribute premiums to an insurance plan. A larger risk pool ensures stability, affordability, and reliability for both the company and its customers. Related: In What Way Is Your Emergency Fund a Form of Insurance? Also from my personal experience, understanding the significance of risk pools has been eye-opening. My family owns a small business, and securing insurance…

An emergency fund acts as a financial safety net, providing you with a sense of security when life throws unexpected challenges your way. At its core, it functions much like insurance—both aim to protect you from financial ruin during unforeseen events. This article explores how an emergency fund serves as a form of insurance and why it is a crucial part of your financial planning. I have firsthand experience with this, and it has been one of the most reassuring aspects of my financial journey. Let me take you through the key points while sharing some personal insights that highlight…

Predicting risk is the backbone of an insurance company’s success. Risk prediction models are used to assess the likelihood of claims and help insurers decide how much to charge customers for coverage. Poor risk prediction models can have far-reaching consequences. From financial losses to damaged reputations, the stakes are high. In this article, I’ll share insights from my experience and delve into the issues that arise when these models fail. Related: What Does “Provide for the Common Defense” Mean in Insurance? Financial Implications Insurance companies rely on accurate risk predictions to remain profitable. When models fail to predict risks correctly,…

The phrase “provide for the common defense” originates from the U.S. Constitution, where it refers to the government’s responsibility to protect its citizens. But how does this phrase relate to insurance? In insurance, “provide for the common defense” takes on a specialized meaning. It relates to insurers defending policyholders against claims, lawsuits, or liabilities that arise within the scope of their coverage. From my personal experience, understanding this concept helped me make better decisions when choosing insurance policies, especially liability coverage. Let’s understand what this means in the insurance world, breaking down its components in a clear, simple way. Related:…

Yes, you can insure a car that is not registered to you, but there are specific conditions and requirements. Insurance providers typically require an “insurable interest,” meaning you must have a valid reason to insure the car. Examples of such situations include borrowing a car, driving a family member’s vehicle, or using a company car for personal use. However, these scenarios come with considerations and exceptions that you’ll want to understand clearly. Read Also: What Does it Mean to Insure Domestic Tranquility My Personal Experience With Insuring a Car That Wasn’t Mine Some time ago, I faced a dilemma when…

“Insuring domestic tranquility” is a phrase that carries significant meaning, but its practical implications often go unnoticed in our daily lives. As someone who values peace and harmony in every aspect of life, I have experienced the impact of this concept firsthand. Whether in family relationships, workplaces, or communities, maintaining peace requires effort, understanding, and a shared commitment to mutual respect. In this article, we’ll Understand what it means to insure domestic tranquility, how it applies in personal and societal contexts, and practical steps to uphold it in our lives. Along the way, I’ll share personal insights and lessons learned…

As a designer, you’ll likely come across two primary structuring tools in Figma: Frames and Groups. While both are helpful, they serve different purposes. Knowing when to use each can significantly enhance your design flow and organization. Through my experience with Figma, I’ve realized the impact of selecting the right structure, especially when managing complex projects or collaborating with other designers. This guide will take you through the specific situations where each tool shines, offering a hands-on approach to deciding between Frames and Groups. Let’s start by understanding what Frames and Groups are and then dive into scenarios that clearly…

Yes, Figma can export designs to HTML, but it isn’t a direct one-click process. Instead, it requires some extra steps and often involves third-party plugins or coding skills to get the HTML output. In my experience working with Figma, it’s clear that while Figma is primarily a design tool, there are specific ways to convert designs to HTML effectively. Figma allows you to export designs as images, SVG files, or even CSS code, but when it comes to actual HTML, a few workarounds are required. Here, I’ll guide you through the steps, tools, and tips on exporting Figma designs to…

No, Figma resumes are generally not ATS-friendly. ATS (Applicant Tracking System) software often has trouble parsing information from Figma resumes because they rely on images, custom fonts, and non-standard formatting. These features, while visually appealing, make it challenging for ATS to read and understand the content correctly. Figma resumes work well for showcasing design skills in creative fields, but for standard job applications, plain text or PDF resumes designed in Microsoft Word or Google Docs are more compatible with ATS software. To ensure your resume passes ATS scans effectively, it’s best to use simple, clean formatting without custom graphics or…

Yes, Figma drafts are private by default. If you create a draft within Figma, only you can see it unless you choose to share it with others. This privacy feature is essential, especially for those of us working on personal projects, initial concepts, or client work that isn’t ready for the world. Whether you’re working on a confidential project or a simple mockup, drafts give you a secure workspace to develop ideas without worrying about external viewers until you’re ready to share. Now, let’s get into the details of Figma drafts, how their privacy works, and how to manage them…