Insurance: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add links.) |
imported>Doug Williamson (Add link.) |
||
| Line 12: | Line 12: | ||
* [[Fixing instrument]] | * [[Fixing instrument]] | ||
* [[Force majeure]] | * [[Force majeure]] | ||
* [[GI]] | |||
* [[Hedging]] | * [[Hedging]] | ||
* [[HMO]] | * [[HMO]] | ||
Revision as of 00:25, 18 August 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.
