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 - Twitter Search

totes getting phone insurance
RebekahwithaKAH (Rebekah Aitken) Wed, 18 Nov 2009 16:51:48 -0000
totes getting phone insurance
Toyota not listed as safe, Chrysler is! http://abcnews.go.com/GMA/insurance-institute-highway-safety-top-safety-picks-2010/story?id=9111489
GirlWithAHemi (April Ancira ) Wed, 18 Nov 2009 16:51:09 -0000
Toyota not listed as safe, Chrysler is! http://abcnews.go.com/GMA/insurance-institute-highway-safety-top-safety-picks-2010/story?id=9111489
Insurance Broker/Account Executive, London http://ff.im/-bEzdh
Buckingham_Jobs (Buckingham_Jobs) Wed, 18 Nov 2009 16:51:05 -0000
Insurance Broker/Account Executive, London http://ff.im/-bEzdh
MRT how do I pay w/out insurance?ur clinics don't fix problm. @fleckman go to an ER if ur having a heart attack. U wont b turned down.
mobiusbanned (William Kaiser) Wed, 18 Nov 2009 16:50:39 -0000
MRT how do I pay w/out insurance?ur clinics don't fix problm. @fleckman go to an ER if ur having a heart attack. U wont b turned down.
History Lesson. The first insurance companies date back to the middle ages which is 1300 A.D. Smh
JansportHero (Richard Denor) Wed, 18 Nov 2009 16:50:32 -0000
History Lesson. The first insurance companies date back to the middle ages which is 1300 A.D. Smh
Помог в получении автокредита вот этот: страховой брокер ДМ-страхование: любые виды страхования http://www.dm-insurance.ru/
aktok (Aktok) Wed, 18 Nov 2009 16:50:31 -0000
Помог в получении автокредита вот этот: страховой брокер ДМ-страхование: любые виды страхования http://www.dm-insurance.ru/

Subscribe to Insurance RSS feed