Steps that involve in the Risk Management Process
Steps that involve in the Risk Management Process – Risk management is a continuous process where management takes some measure towards minimizing the level of…
Business
Distinguish between Insurance and Assurance
The terms insurance and assurance are used frequently in the financial industry. Insurance has evolved as a process of safeguarding the interest of people from…
Essentials of an Insurance Contract
Essentials of an Insurance Contract An insurance contract is a document representing the agreement between an insurance company and the insured. Central to any insurance…
Life Insurance fulfills the needs of a person – Explanation.
Life Insurance fulfills the needs of a person – Insurance has evolved as a process of safeguarding the interest of people from loss and uncertainty.…
Insurance helps Bring Peace of Mind – Explanation
Insurance helps Bring Peace of Mind – Insurance has evolved as a process of safeguarding the interest of people from loss and uncertainty. It may…
Facts that required to be disclosed by the Insured
Both the insurer and the insured when undertaking an insurance contract are reliant on the belief that all parties are acting in good faith, and…
Origin of Insurance
Origin of Insurance The origin of insurance is lost in antiquity but the insurance in its modern form appeared first in marine and land fields.…
Insurance is not Charity – Explain
Insurance is not Charity – Insurance has evolved as a process of safeguarding the interest of people from loss and uncertainty. It may be described…
An insurance contract is a contract of Uberrimae Fidei – Explain
An insurance contract is a contract of Uberrimae Fidei – The contract of insurance is very useful to indemnify any loss. In this light, the…
Insurance Eliminate Dependency – Explanation
Insurance Eliminate Dependency – The process of insurance has been evolved to safeguard the interests of people from uncertainty by providing certainty of payment at…
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