1. Insurance: Concept and importance Insurance is pooling of risks. In a contract of insurance, the insurer (insurance company) agrees/undertakes, in consideration of a sum…
Slide 1 Slide 2 1 The Japanese eat very little fat and suffer fewer heart attacks than the British or Americans. On the other hand, the French eat a lot of fat and also suffer…
1. Insurance Definition • Insurance is a contract whereby, in return for the payment of premium by the insured, the insurers pay the financial losses suffered by the insured…
Week 10 Insurance What is insurance? Insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined…