Insurance

Insurance has evolved as a process of safeguarding the interest of people from loss and uncertainty. The process of insurance has been evolved to safeguard…

Reinsurance is a type of insurance wherein part of the risk taken by an insurance company is taken on by another insurance company. When one…

“Pure risks are always insurable” A situation where there is a chance of either loss or no loss, but no chime of gain; for example…

Assess the elements of an Insurance Risk Insurance has evolved as a process of safeguarding the interest of people from loss and uncertainty. The process…

Role of Risk Management in Business Risk management utilizes the right tools, methods, and processes to manage risk. The risk is defined as the probability…

Methods that an insurance company uses to handle risk – Risk management is a continuous process where management takes some measure to minimize the level…

Pure Risk includes fire, earthquake, theft etc. In case of fire risk, through improved security measures the impact of fire risk can be reduced. Because…

Steps that involve in the Risk Management Process – Risk management is a continuous process where management takes some measure towards minimizing the level of…

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 An insurance contract is a document representing the agreement between an insurance company and the insured. Central to any insurance…