Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
An entity which provides insurance is known as an insurer, an insurance company, an insurance carrier or an underwriter. A person or entity who buys insurance is known as an insured or as a policyholder. The insurance transaction involves the insured assuming a guaranteed and known - relatively small - loss in the form of payment to the insurer in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms, and usually involves something in which the insured has an insurable interest established by ownership, possession, or pre-existing relationship.
The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insurer will compensate the insured. The amount of money charged by the insurer to the policyholder for the coverage set forth in the insurance policy is called the premium. If the insured experiences a loss which is potentially covered by the insurance policy, the insured submits a claim to the insurer for processing by a claims adjuster. A mandatory out-of-pocket expense required by an insurance policy before an insurer will pay a claim is called a deductible (or if required by a health insurance policy, a copayment). The insurer may hedge its own risk by taking out reinsurance, whereby another insurance company agrees to carry some of the risks, especially if the primary insurer deems the risk too large for it to carry.
Tokio Marine America (TMA) is the management company for the U.S. Insurance operations of Tokio Marine America Insurance Company (TMAIC). For over 100 years, Tokio Marine has offered comprehensive commercial property and casualty insurance products to large - and middle-market companies in a variety of industries.
499 Washington Blvd, Jersey City, New Jersey, United States, 07310
Property Damage Insurance Claim Repair Management Services - Our award-winning, loss assessing service aims to help policyholders make successful buildings insurance repair claims caused by storms, burst pipes, accidental damage, smoke, fire and floods. Click here for more information or Call 0800 077 6705 Now!
Commercial Road, England, United Kingdom, BB3 0DG
ProSight creates unrivaled value for customers by exceeding expectations, accomplished through a unique performance culture and desire to succeed at uncommon challenges.
412 Mount Kemble Avenue, Morristown, New Jersey, United States, 07960
SBI Life, a leading life insurance company in India, offers a range of life insurance plans and policies to help you protect you and your family. Buy life insurance in India online, term insurance, ULIPs etc. at affordable premium.
Mumbai, Maharashtra, India, 400069
Robin Veilleux - Assurances & Rentes collectives INC Cabinet de service financiers
2590 Boulevard Laurier, Québec City, Quebec, Canada, G1V 4M6