From Wikipedia, the free book of facts:))
This article is about the danger management method. For insurance in blackjack, see Blackjack.
An advertising poster for an insurance underwriter from ca. 1900-1918 depicts an armoured knight.
Financial market participants
Assorted United States coins.jpg
Credit unions Insurance firms Investment banks Investment funds Pension funds Prime brokers Trusts
Finance money market Participants finance Personal finance Public finance Banks and banking money regulation Fund governance
v t e
Insurance could be a means that of protection from loss. it's a style of risk management primarily accustomed hedge against the danger of a contingent, unsure loss.
An entity that provides insurance is thought as Associate in Nursing insurance firm, insurance company, or insurance carrier. someone or entity United Nations agency buys insurance is thought as Associate in Nursing insured or client. The insurance dealing involves the insured presumptuous a secured and glorious comparatively tiny loss within the style of payment to the insurance firm in exchange for the insurer's promise to compensate the insured within the event of a coated loss. The loss could or might not be money, however it should be reducible to money terms, Associate in Nursingd should involve one thing within which the insured has an stake established by possession, possession, or pre-existent relationship. The insured receives a contract, referred to as the policy, that details the conditions and circumstances beneath that the insured are financially remunerated. the quantity of cash charged by the insurance firm to the insured for the coverage set forth within the policy is termed the premium. If the insured experiences a loss that is doubtless coated by the policy, the insured submits a claim to the insurance firm for process by a investigator.
