Insurance Glossary
Insurance Glossary
About this book
Insurance terminology and risk management.
Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. Insurance is defined as the equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a premium and duty of care.
Details
- OL Work ID
- OL36503830W
Subjects
insurance