Insurance
Principles of Insurance
The business of insurance is conducted through principles that form the founding pillars and understanding these principles shall clarify a lot about the insurance process, terms and conditions, as these are the guiding rules.
Insurance Structure
The insurance industry plays a valuable role in securing wealth and supporting the prosperity of society. This industry is a financial structure where every stakeholder creates value for the benefit of everyone. Therefore, it is important to understand its structure.
Insurance is a contract
Key takeaway: Insurance contract essentials Insurance is a device to reduce risk and provide security. It divides an individual's loss among a large number, spreading the loss through its mechanism. Insurance is a regulated industry and the regulatory bodies govern...
Know Insurance
Key takeaway: Insurance introduction. Insurance is a method of risk transfer. It is a legitimate system where you may secure yourself against financial losses that may be unforeseen and unexpected. If you lack the means to meet your unexpected liabilities, then you...