In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the insurance; an insured or policyholder is the person or entity buying the insurance policy. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.
The 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 (indemnify) the insured in the case of a large, possibly devastating loss. The insured receives a contract called the insurance policy which details the conditions and circumstances under which the insured will be compensated.
List of Institutions In
1. Actuarial
2.
3.
4. College of Vocational Studies, Delhi-110 017.
5. Directorate of Distance Education,
6. Ernakulam Insurance Institute, C/o, LIC of
7. Institute of Insurance Surveyors and Loss Adjusters, General Assurance Building, 2nd Floor, Dr DN Road, Fort, Mumbai-400 001.
8. Insurance Training Centre, 25, Baranshi Ghosh Street, Calcutta-700 007.
9.
10. The Insurance Institute of India,
11. The
12. Tolani Institute of Management Studies, PB No 11, Adipur, Kachchh, 370205,
13. Institute Of Insurance And Risk Management, Plot No.310 , Road No.25, Jubilee Hills , Hyderabad, Andhra Pradesh, Phone : 040-23556470 Website : www.iirmworld.org.in
International Reference:
1. Insurance Information Institute, 110 William St., New York, NY 10038.
2. The Chartered Insurance Institute, 20, Aldermanbury,
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