Insurance: Difference between revisions
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imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Add links.) |
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''Risk management - transferring & pooling risk.'' | |||
A contract designed to provide protection against specified types of risk or loss, by paying out to the insured party in the event that the insured loss occurs. | A contract designed to provide protection against specified types of risk or loss, by paying out to the insured party in the event that the insured loss occurs. | ||
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* [[Reinsurance]] | * [[Reinsurance]] | ||
* [[Risk]] | * [[Risk]] | ||
* [[Risk management]] | |||
* [[Risk response]] | * [[Risk response]] | ||
* [[Trade credit insurance]] | * [[Trade credit insurance]] | ||
Revision as of 23:09, 19 March 2021
Risk management - transferring & pooling risk.
A contract designed to provide protection against specified types of risk or loss, by paying out to the insured party in the event that the insured loss occurs.
Insurance is generally provided by specialist insurance companies, to whom an insurance premium is paid by the insured in advance.
