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Insurance

Requisites of insurable risks

As we delve into the realm of insurance, it's crucial to understand the perspective of both the insurer and the insured. For the insurer, a critical factor is the presence of a substantial number of comparable items, while also ensuring that any potential loss is both accidental and quantifiable. On the other hand, the insured must also consider the magnitude of the anticipated loss, as it should be significant enough to cause financial strain, yet not too likely to occur. Striking a balance between these perspectives is key in navigating the world of finance and insurance.

Agent (Life Advisor)

An insurance agent is an individual who is licensed to sell insurance policies on behalf of an insurance company. They have a deep understanding of insurance products and ca...

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Aggregate limits

In the realm of insurance, it is important to understand the difference between a yearly limit and a per occurrence limit. A yearly limit refers to the maximum amount an ins...

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Age Limits

Insurance companies have age limits for accepting applications and renewing policies. These limits are the maximum and minimum ages that they will consider. If a person fall...

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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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