Insurance

In investment management, risk refers to the uncertainty associated with the return an investmen...

The "chance of loss" is a fundamental way to define risk, especially in the context of investmen...

In the context of risk, particularly in insurance and risk management, peril and hazard are dist...

Risks can be classified in various ways to better understand their nature, sources, and potentia...

This section outlines the primary risks faced by individuals (personal risks) and businesses (co...

Risk, both personal and commercial, imposes significant burdens on the economy and society as a ...

I. Definition of Insurance: Insurance is a financial mechanism that transfers the risk of a pote...

I. Law of Large Numbers: Definition: The Law of Large Numbers (LLN) is a statistical principle...

Insurance plays a significant role in modern society, providing numerous benefits but also incur...

Insurance is broadly categorized into two main types: Life Insurance and General Insurance (also...

I. Meaning of Risk Management: Risk management is the systematic process of identifying, assessi...

The risk management process is a systematic approach to identifying, assessing, and controlling ...

Once risks have been identified and assessed, the next step is to select and implement appropria...

Personal risk management involves identifying, assessing, and managing the risks that individual...

Enterprise Risk Management (ERM) is a holistic and integrated approach to managing all of an org...

Due to the nature of case studies requiring specific scenarios and detailed analysis that is bes...

Insurance contracts are governed by several fundamental legal principles that ensure fairness an...

For an insurance contract to be legally valid and enforceable, it must meet specific requirement...

An insurance contract (policy) is a legally binding document that outlines the rights and respon...

Underwriting is the process by which an insurance company evaluates the risk presented by an app...

Sales and marketing are crucial functions for insurance companies, driving revenue growth and bu...

Claims settlement is a critical function of insurance companies, involving the process of invest...

Endorsements and riders are written provisions that add to, modify, or delete provisions in the ...

A deductible is a specified dollar amount that the insured must pay out-of-pocket before the ins...

The insurance industry in India is governed by a comprehensive regulatory framework designed to ...

Reinsurance is a critical component of insurance company operations, serving as a way for insure...

Reinsurance agreements can be broadly classified into two main types: facultative reinsurance an...

Securitization of Risk and Catastrophe Bonds In addition to traditional reinsurance, insurance co...

Insurance companies are significant investors, managing vast portfolios of assets to meet their ...

Rate making, also known as ratemaking or pricing, is the process of determining the premium rate...

Coinsurance is a provision commonly found in property insurance policies that encourages policyh...

Insurance policies often contain provisions that address how losses are shared when multiple pol...