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.
Protect your medical practice, hospital or facility with superior malpractice insurance coverage, legal defense, customer service and risk management from LAMMICO.
Street : Galleria Blvd, Metairie, Louisiana, United States, 70001
Trōv is the world's leading insurance technology platform, enabling the new ways people live, work, and move.
Street : 347 Hartz Avenue, Danville, California, United States, 94526
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.
Street : 499 Washington Blvd, Jersey City, New Jersey, United States, 07310
Health, life, patrimony and work: Groupe Mutuel provides insurance to cover the important areas of your life.
Street : 5 Rue des Cèdres, Martigny, Valais, Switzerland, 1920
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!
Street : Commercial Road, England, United Kingdom, BB3 0DG
An American-owned and operated company, American Equity Investment Life Insurance Company® is a leader in the fixed index annuities marketplace.
Street : 6000 Westown Parkway, West Des Moines, Iowa, United States, 50266
ProSight creates unrivaled value for customers by exceeding expectations, accomplished through a unique performance culture and desire to succeed at uncommon challenges.
Street : 412 Mount Kemble Avenue, Morristown, New Jersey, United States, 07960
Professional Insurance Brokers & Independent Financial Advisors. We've been providing solutions for more than 35 years, helping individuals and businesses.
Street : 20 The Bridge, Chippenham, England, United Kingdom, SN15 1EX
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.
Street : Mumbai, Maharashtra, India, 400069
BMS is a dynamic global broker with a broad range of insurance and reinsurance expertise and ability to provide leading capital markets advisory services.
Street : 1 America Square, London, United Kingdom, EC3N 2LS
Located in Fall River MA, we are an independent MA, RI, and CT insurance agency specializing in both personal and commercial lines. Contact us today!
Street : 10 N Main St, Fall River, Massachusetts, United States, 02720-2120
Robin Veilleux - Assurances & Rentes collectives INC Cabinet de service financiers
Street : 2590 Boulevard Laurier, Québec City, Quebec, Canada, G1V 4M6