• Insurable Risk

  • Insurance is possible only when there is a risk of something happening to the thing insured. Also the risk should meet certain criteria which are given in the guidelines and laws governing insurance. Insurable risk is better... 

  • Intentionnal Torts

  • Tort means commiting a wrong, and Intentional Tort means intentionally commiting a wrongful act. According to law, a tortfeasor is the person doing the intentional tort, which is a civil wrong. Intentional torts does not... 

  • Insurable Interest

  • The main purpose of Insurance is to cover the risk of loss, and not trying to make a profit. Insurance provides the compensation when the loss occurs due to various reasons. This brings the question as to what one can insure?... 

  • Accidental Loss

  • When a loss occurs suddenly, without warning and totally unexpected, which is beyond ones control to prevent or stop it, is called an Accidental Loss. In the field of Insurance, Accidental Loss has separate clauses attached... 

  • Claim definition

  • A claim is a statement expressing a right over something. Claim can also be a form of asking, or seeking to obtain something, which has rightfully to come to the person making the claim. Claim can also take the form of a... 

  • Insurer’s Business Model

  • The basics of an Insurer’s Business Model is the same as any other business, in the sense that profit is calculated by adding all the different incomes and deducting all expenses and losses. In an insurance business... 

  • Principles of Insurance

  • Insurance is the business of risk coverage and compensating the affected party for their loss. There are certain principles of insurance, that form the basis of this business. The first principle of insurance is the contract... 

  • Indemnification

  • Indemnification is the process of compensating or indemnifying, when a loss occurs. The indemnity amount is paid by the indemnifying party, to the party who has suffered a loss. The person who pays may not be the one who... 

  • Types of Insurance

  • Insurance is one of the best risk management strategies that one can follow. Insurance companies will cover the risk of loss in exchange for a fee, called a premium. When the risk is taken over by an insurance company it... 

  • Insurance History

  • Insurance has existed in some form or other since the very beginning, and there is no time in history when one can say that Insurance did not exist. Even in societies where there was no form of money or other financial instruments,... 

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