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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)
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Insurance :: Financial Services
i hate insurance agents.
PRINCESSLAYLA (PRINCESS LAYLA) Mon, 21 Dec 2009 07:33:11 -0000
i hate insurance agents.
UPDATE: HSBC To Sell Insurance Business To Marsh In GBP135 Million Deal http://twa.lk/OA88y
business_master (Business) Mon, 21 Dec 2009 07:33:06 -0000
UPDATE: HSBC To Sell Insurance Business To Marsh In GBP135 Million Deal http://twa.lk/OA88y
@Pash1994 @Karoli @StaceRay EJ managed an awful, trite piece that supports every lie the insurance industry wants you to believe.
Stranahan (Lee Stranahan) Mon, 21 Dec 2009 07:33:04 -0000
@Pash1994 @Karoli @StaceRay EJ managed an awful, trite piece that supports every lie the insurance industry wants you to bel
Cargo Surveyors Sdn. Bhd. - Provides consultancy and surveying services in the marine, commodity and insurance fields.
Meta Description: [ Malaysia's Premier Marine Surveying & Consulting Company, serving with integrity and reliable service ]
Orient Berhad - A Malaysian company which specializes in automotive insurance.
Meta Description: [ Pacific & Orient Berhad is a Malaysia-Based holding company. The groups main business in the Malaysian General Insurance market with emphases in Automotive insurance. The group also has interests in Capital Finance, Information Technology, Telephony, Call Centre and Catalog Product Distribution. ]
Allianz Malaysia - General and life insurance. Provides products, services, press and annual reports. Office in Kuala Lumpur and branches nation-wide.
Meta Description: [ Allianz - Malaysia Site ]
American Home Assurance Company - Member of American International Group, Inc. Provides general insurance. Includes branch locator, education centre, community partnerships and FAQs.
Meta Description: [ AIG insurance products and services in United States offering auto insurance, life insurance, accident and health insurance, environmental coverage, property and casualty, retirement services, and more for consumers and businesses ]
American International Assurance Company, Limited - Provides life insurance. Includes insurance centre, office locator, FAQs and community partnerships.
AXA Affin Assurance Bhd - Personal and business insurance products. Provides online services, career centre, agents network and news.
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Great Eastern Life Assurance Berhad - Largest and oldest life insurer in Malaysia, provides Individual Life and Group Insurance, Personal Accident and Salary Savings Schemes.
Jerneh Insurance (M) Bhd - Member of Kuok Group, offers general insurance with various online forms available.
Meta Description: [ Jerneh Insurance Bhd -- associated with Generali S.p.A. and a member of Kuok Group, offers general insurance e.g. fire, marine, motor, engineering, household, accident and medical insurance. ]
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Life Insurance Association of Malaysia - LIAM has a total of 19 members, of which 17 are life insurance companies and 2 life reinsurance companies.
Meta Description: [ Life Insurance Association of Malaysia (LIAM) or Persatuan Insurans Hayat Malaysia ]
MAA Assurance Bhd - Provides life insurance, investment plan, education and retirement plan. Has corporate information and database of clientele.
Malaysia National Insurance Berhad - Life, general, hospital and surgical, and reinsurance services.
Malaysian Insurance Institute - Contains current information about the Institute and its activities.
Maphilindo International Sdn Bhd - Loss adjusters, partners Miller International. Provides mission, services, and staff information. Head office in Kuala Lumpur with nation-wide branches.
PanGlobal Insurance Berhad - Types of policies covered details and office locations nationwide.
Persatuan Insuran Am Malaysia (PIAM) - The General Insurance Association of Malaysia constitutes the statutory association for all registered insurers who transact general insurance business. Includes membership, news, and consumer resources. Office in Kuala Lumpur.
Meta Description: [ Persatuan Insurans Am Malaysia (PIAM) constitutes the statutory association recognised by the Government of Malaysia for all registered insurers who transact general insurance business in this country. ]
Prudential Malaysia - Specialises in life, general insurance and unit trusts. Provides products, services and profile. Head office in Kuala Lumpur with branches nation-wide.
Takaful Nasional Sdn. Berhad - Licensed Malaysian Islamic insurance operator which provides coverages for family takaful (Islamic life insurance) and general takaful (Islamic general insurance).
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