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Insurance

Extended Term Insurance

Term insurance is a type of policy that offers an option to continue the insurance for a specific amount even after the policy has ended. This option is known as term insurance and is included in certain policies. It allows the insured to continue their coverage for a predetermined amount according to the policy's conditions. This is a valuable option to consider when choosing a policy and can provide additional security and peace of mind for the insured individual.

Catastrophe bonds

In finance, there exists a type of security known as risk-based securities. These securities offer high interest rates and serve as a form of reinsurance for insurance compan...

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Protection and Indemnity (P&I) clause

"Let's discuss the importance of marine liability insurance for ocean-going vessels. This type of insurance provides protection against financial losses resulting from third...

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Catastrophe

In the realm of finance, there exists a term known as "catastrophe". This term is commonly used for statistical purposes to denote a single event or a string of closely linke...

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Risk transfer

In the world of finance, there exists a risk management technique known as risk transfer. This involves one party, known as the transferor, paying another party, known as th...

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