Gourt > Regional > Europe > United Kingdom > Scotland > 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
@mamorico Ah...there's where I was heading...it's the mortgage insurance!!!
Karoli (Karoli) Sat, 10 Oct 2009 20:31:32 -0000
@mamorico Ah...there's where I was heading...it's the mortgage insurance!!!
A lot of medicine related jokes on shows are going right over my head. Is this because I watch stuff online, or my lack of health insurance?
tigerkite (krsna) Sat, 10 Oct 2009 20:31:17 -0000
A lot of medicine related jokes on shows are going right over my head. Is this because I watch stuff online, or my lack of health insurance?
Who's looking out for Big Insurance?! New video from Will Ferrell about those poor, misunderstood execs. http://bit.ly/g3c6F #p2
Zazochi (Ginifer Lee Buckley) Sat, 10 Oct 2009 20:31:04 -0000
Who's looking out for Big Insurance?! New video from Will Ferrell about those poor, misunderstood execs. http://bit.ly/g3c6F #p2
Let Congress Go Without Insurance - http://bit.ly/38HW89 #singlepayer #hcr #publicoption #hr09: Let Congres.. http://bit.ly/bX9No #p2
TheFakeJoeBiden (TheFakeJoeBiden) Sat, 10 Oct 2009 20:30:36 -0000
Let Congress Go Without Insurance - http://bit.ly/38HW89 #singlepayer #hcr #publicoption #hr09: Let Congres.. http://bit.ly/bX9No #p2
Badly need this type of open market competition in the health insurance industry.
nataliareeves (Natalia) Sat, 10 Oct 2009 20:30:30 -0000
Badly need this type of open market competition in the health insurance industry.
Badly need this type of open market competition in the health insurance industry.
jbreeves (Brent Reeves) Sat, 10 Oct 2009 20:30:30 -0000
Badly need this type of open market competition in the health insurance industry.
Company - Our main services are advising on and arranging commercial insurance, motor and household insurance, and providing independent financial advice to both companies and individuals.
Jack, Independent Financial Advisors and Insurance Brokerages - Independent insurance broker. For a broad choice of insurance and financial needs.
Central Insurance Group - Insurance brokers and independent financial advisors providing insurance and investment advice, as well as specialised offshore insurance packages.
Meta Description: [ Central Group, comprising Central Insurance Services and Central Investment Services based in Aberdeen are insurance brokers and independent financial advisers who offer a wide range of general and commercial insurance products and financial and investment services to private individuals and comm... ]
Cramond Insurance - For all your insurance, financial planning, pension and real estate needs in North-East Scotland, including Aberdeenshire and Morayshire. On-line quotes for motor, home and commercial insurance.
Giles Insurance Broker Ltd - Details of the services available along with company and contact information.
Meta Description: [ Giles Insurance Brokers Ltd was established
in 1967 and has expanded rapidly in recent years to become
one of the top 50 brokers in the UK. ]
Hara Hill Wason - Direct motor and housing insurance quotations.
Scottish Friendly Assurance - Investments, pensions, life assurance, tax exempt savings plans.
Meta Description: [ Tax-free savings, ISAs, life cover and the Child Trust Fund from one of the UK's leading friendly societies ]
Scottish Life - a mutual life assurance company, founded in 1881. They offer Pension, Investment and Mortgage products.
Scottish Pet Insurance - Scottish Pet Insurance is a specialist insurer of Dogs and Cats. Apply for insurance on-line or visit our Animal Answers discussion area.
Meta Description: [ Scottish Pet Insurance is a specialist insurer of Dogs and Cats. Apply for insurance on-line or visit our Animal Answers discussion area....>
Scottish Provident UK - A mutual life company with over 160 years of experience providing protection, mortgage and investment products.
Meta Description: [ Abbey for Intermediaries. Offering financial solutions for intermediaries and investment professionals only from the following: Mortgages, General Insurance, Protection, Pensions and Investments. Online services include: online applications and quotes, proposal tracking policy valuations and fund... ]
| Inca Trail - Part 3 | |
| Next Video | |
