Legal
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.
Solvency II Regime
Key takeaway: The 3 pillars of insurance regulation of Solvency II regime. Introduction A regime is an orderly way to do things. The solvency II regime was brought to life by the directive 2009/138/EC of the European Parliament on the business of Insurance and...
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...