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Insurance can have various effects on society through the way that it changes who bears the cost of losses and damage. On one hand i... -
Claims and loss handling is the materialized utility of insurance; it is the actual "product" paid for. Claims may be filed... -
Underwriting and investing The business model is to collect more in premium and investment income than is paid out in losses, and to a... -
Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk m... -
Life insurance provides a monetary benefit to a decedent's family or other designated beneficiary, and may specifically provide fo... -
To "indemnify" means to make whole again, or to be reinstated to the position that one was in, to the extent possible, prior... -
Any risk that can be quantified can potentially be insured. Specific kinds of risk that may give rise to claims are known as perils. A... -
In some sense we can say that insurance appears simultaneously with the appearance of human society. We know of two types of economies... -
Risk which can be insured by private companies typically share seven common characteristics: Large number of similar exposure units :... -
Principles Financial market participants Collective investment schemes Credit unions Insurance companies Investment bank...
