According to wikipedia.org, Insurance, law and economics, is a form of risk management primarily used to hedge against the risk of loss. Insurance is defined as the equitable transfer of risk of loss from one entity to another, in exchange for premiums, and can be considered a guarantee and a small loss is known to prevent large losses or even destroyed.
Insurer is a company that sells insurance, the insured or policyholder is the person or entity that buys insurance. The level of insurance is one factor in determining the amount to be charged for a number of insurance, called premiums. Risk management, the practice of appraising and risk control, has been evolved as a discrete field of study and practice.
Insurer is a company that sells insurance, the insured or policyholder is the person or entity that buys insurance. The level of insurance is one factor in determining the amount to be charged for a number of insurance, called premiums. Risk management, the practice of appraising and risk control, has been evolved as a discrete field of study and practice.
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