Insurance is the transfer of risk from the insured to the insurance company. This coverage pays for hospitalization costs and

Insurance is an arrangement where individuals insure themselves against major risks. This is a written contract between the insurer and

Insurance is an important investment. While it can reduce the cost of losses, it also increases fraud. However, it is

Insurance is a common necessity for many people, including students and retirees. Premiums are paid to an insurance company, which

Insuring a property, health, or business is a common necessity. A good policy will reimburse the insured for the covered

The insurance industry has long been a major part of the U.S. economy. According to the Insurance Information Institute, American

What is insurance? In simple terms, insurance is a form of risk transfer. A policyholder pays an insurance premium, which

The process of choosing which risks to insure and determining premiums varies from insurer to insurer. It involves using statistics

The concept of insurance is quite simple. By purchasing a policy, a person is entitled to compensation for any covered

Risks are divided into two categories: insurable and uninsurable. Insurable risks are those with a low probability of occurrence or