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INSURANCE
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 Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of a guaranteed small loss to prevent a large, possibly devastating large loss. |
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LIFE INSURANCE
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| Life insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured individual's or individuals' death or other event. In return, the policy owner agrees to pay a stipulated amount called a premium at regular intervals or in lump sums. |
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PROPERTY INSURANCE
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| Property insurance provides protection against most risks to property, such as fire, theft, some weather damage, etc. This includes specialized forms of insurance. |
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TYPES OF INSURANCE
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| Any risk that can be quantified can potentially be insured. Further are (non-exhaustive) lists of the many different Types of insurance that exist. |
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INSURANCE COMPANIES
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Insurance companies may be classified into two groups:
- Life insurance companies, which sell life insurance, annuities and pensions products.
- Non-life, General, or Property/
Casualty insurance companies, which sell other types of insurance.
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MUTUAL INSURANCE
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| Mutual insurance is a type of insurance where those protected by the insurance (policyholders) also have
certain "ownership" rights in the organization. |
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INSURANCE NEWS
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