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| Insurer's business model | Hits:46 |
| Profit = earned premium + investment income - incurred loss - underwriting expenses. Insurers make money in two ways: (1) through underwriting, the process by which insurers select the risks to insure and decide how much in premiums to... | 2008-08-01 |
| Types of insurance | Hits:33 |
| Any risk that can be quantified can potentially be insured. Specific kinds of risk that may give rise to claims are known as perils . An insurance policy will set out in detail which perils are covered by the policy and which are not... | 2008-08-01 |
| History of insurance | Hits:33 |
| In some sense we can say that insurance appears simultaneously with the appearance of human society. We know of two types of economies in human societies: money economies (with markets, money, financial instruments and so on) and non-money... | 2008-08-01 |
| Health insurance | Hits:33 |
| Health insurance policies will often cover the cost of private medical treatments if the National Health Service in the United Kingdom (NHS) or other publicly-funded health programs do not pay for them. It will often result... | 2008-08-01 |
| Indemnification | Hits:49 |
| The technical definition of indemnity means to make whole again. There are two types of insurance contracts; 1) an indemnity policy and 2) a pay on behalf or on behalf of [3] policy. The difference is significant on paper, but rarely... | 2008-08-01 |
| Principles of insurance | Hits:31 |
| Commercially insurable risks typically share seven common characteristics.[1] A large number of homogeneous exposure units. The vast majority of insurance policies are provided for individual members of very large classes. Automobile... | 2008-08-01 |
| Liability insurance | Hits:26 |
| Liability insurance is a very broad superset that covers legal claims against the insured. Many types of insurance include an aspect of liability coverage. For example, a homeowner's insurance policy will normally include liability... | 2008-08-01 |
| Property insurance | Hits:35 |
| Property insurance provides protection against risks to property, such as fire, theft or weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, inland... | 2008-08-01 |
| Casualty insurance | Hits:23 |
| Casualty insurance insures against accidents, not necessarily tied to any specific property. Crime insurance is a form of casualty insurance that covers the policyholder against losses arising from the criminal acts of third parties. For... | 2008-08-01 |
| Life insurance | Hits:25 |
| Life insurance provides a monetary benefit to a decedent's family or other designated beneficiary, and may specifically provide for income to an insured person's family, burial, funeral and other final expenses. Life insurance policies... | 2008-08-01 |
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