Gourt > Regional > Asia > Business and Economy > Financial Services > Insurance
Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. Insurance is defined as the equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a premium and duty of care.
Principles of insurance
Losses must be uncertain.
The rate of losses must be relatively predictable: In order to set premiums (prices) insurers must be able to estimate them accurately. This is done using the Law of Large Numbers which states that: The larger the number of homogenous exposures considered, the more closely the losses reported will equal the underlying probability of loss. If the coverage is unique, the insured will pay a correspondingly higher premium. Lloyd's of London often accepts unique coverages. (e.g., the insuring of Tina Turner's legs and Jennifer Lopez's buttocks)
More on [ Insurance ]
Insurance :: Financial Services
Dave Ramsey: What kinds of insurance does Dave recommend? - Kankakee Daily Journal http://bit.ly/5bnmBZ
topratedins (Top Rated Insurance) Sat, 02 Jan 2010 19:43:04 -0000
Dave Ramsey: What kinds of insurance does Dave recommend? - Kankakee Daily Journal http://bit.ly/5bnmBZ
New blog post: Looking For Affordable Auto Insurance Quotes | Auto Insurance ... http://6b3zt.th8.us
louiedave (Davelouie Lingue) Sat, 02 Jan 2010 19:42:58 -0000
New blog post: Looking For Affordable Auto Insurance Quotes | Auto Insurance ... http://6b3zt.th8.us
New York Driver Improvement Defensive Driving Traffic Schoool | New York State Point & Insurance Reduction Program http://bit.ly/8PmuAK
wpersona (Web Person) Sat, 02 Jan 2010 19:42:38 -0000
New York Driver Improvement Defensive Driving Traffic Schoool | New York State Point & Insurance Reduction Program http://bit.ly/8PmuAK
oh boy. acid reflux. *eyeroll* getting older is for people with health insurance and lots of patience. = not me.
coureycat (Em Thomas) Sat, 02 Jan 2010 19:41:42 -0000
oh boy. acid reflux. *eyeroll* getting older is for people with health insurance and lots of patience. = not me.
RT: @d1kang jus paid my car insurance online i hate spending money<-- i feel you!!
Markeise (Marques) Sat, 02 Jan 2010 19:40:59 -0000
RT: @d1kang jus paid my car insurance online i hate spending money<-- i feel you!!
:O Identity-theft insurance isnt even worth its small price. http://bit.ly/7RKIcB
TheITJuggler (TheITJuggler.com) Sat, 02 Jan 2010 19:40:28 -0000
:O Identity-theft insurance isnt even worth its small price. http://bit.ly/7RKIcB
Adjusters Asia - A team of insurance claims adjusters offering loss adjusting services throughout the Asia Pacific region.
Meta Description: [ Independent insurance adjusters, marine surveyors, and insurance software developers providing claims adjusting, general investigations, and marine and cargo surveys throughout Asia. ]
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