insurancein21stcenturyworld.blogspot.com
InsuranceinlifenWorld: August 2009
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Tuesday, August 11, 2009. The technical definition of "indemnity" means to make whole again. There are two types of insurance contracts;. An "indemnity" policy and. A "pay on behalf" or "on behalf of". The difference is significant on paper, but rarely material in practice. An entity seeking to transfer risk (an individual, corporation, or association of any type, etc.) becomes the 'insured' party once risk is assumed by an 'insurer', the insuring party, by means of a. That is, some insurance products or...
insurancein21stcenturyworld.blogspot.com
InsuranceinlifenWorld: Indemnity
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Tuesday, August 11, 2009. The technical definition of "indemnity" means to make whole again. There are two types of insurance contracts;. An "indemnity" policy and. A "pay on behalf" or "on behalf of". The difference is significant on paper, but rarely material in practice. An entity seeking to transfer risk (an individual, corporation, or association of any type, etc.) becomes the 'insured' party once risk is assumed by an 'insurer', the insuring party, by means of a. Subscribe to: Post Comments (Atom).
insurancein21stcenturyworld.blogspot.com
InsuranceinlifenWorld: History of Insurance
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Sunday, August 9, 2009. Turning to insurance in the modern sense (i.e., insurance in a modern money economy, in which insurance is part of the financial sphere), early methods of transferring or distributing risk were practised by. Traders as long ago as the. Chinese merchants travelling treacherous river rapids would redistribute their wares across many vessels to limit the loss due to any single vessel's capsizing. The Babylonians developed a system which was recorded in the famous. Merchants whose goo...
insurancein21stcenturyworld.blogspot.com
InsuranceinlifenWorld: Virtual Insurance
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Monday, August 10, 2009. Some communities prefer to create virtual insurance amongst themselves by other means than contractual risk transfer, which assigns explicit numerical values to risk. A number of. Groups, including the. Groups, depend on support provided by their. Of explicit insurance contracts. Which, for practical purposes, meant the. Subscribe to: Post Comments (Atom). Redlining is the practice of denying or increasing. The business in Insurance. Picture of insurance in life.
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InsuranceinlifenWorld: The insurance
http://insurancein21stcenturyworld.blogspot.com/2009/08/insurance.html
Sunday, August 9, 2009. Is a form of. Of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a. And controlling risk, has evolved as a discrete field of study and practice. Subscribe to: Post Comments (Atom). Redlining is the practice of denying or increasing. The business in Insurance. Picture of insurance in life. View my complete profile.
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InsuranceinlifenWorld: The business in Insurance
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Sunday, August 9, 2009. The business in Insurance. The business model can be reduced to a simple equation: Profit =. Investment income - incurred loss - underwriting expenses. Insurers make money in two ways:. The process by which insurers select the risks to insure and decide how much in premiums to charge for accepting those risks;. The premiums they collect from insured parties. The most complicated aspect of the insurance business is the. An insurer's underwriting performance is measured in its combi...
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InsuranceinlifenWorld: New assurance
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Tuesday, August 11, 2009. New assurance products can now be protected from copying with a. A recent example of a new insurance product that is patented is. Early versions were independently invented and patented by a major U.S. auto insurance company,. US Patent 5,797,134. And a Spanish independent inventor, Salvador Minguijon Perez (. Many insurance executives are opposed to patenting insurance products because it creates a new risk for them. The first insurance patent application to be posted was.
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InsuranceinlifenWorld: Redlining is the practice of denying or increasing the cost of services
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Sunday, August 9, 2009. Redlining is the practice of denying or increasing the cost of services. Redlining is the practice of denying or increasing the cost of services such as. Access to jobs,. Access to health care,. To residents in certain, often racially determined,. Neighborhoods. Through at least the 1990s this practice meant that banks would often lend to lower income whites but not to middle or upper income blacks. Subscribe to: Post Comments (Atom). The business in Insurance.
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InsuranceinlifenWorld: Redlining
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Tuesday, August 11, 2009. Is the practice of denying insurance coverage in specific geographic areas, supposedly because of a high likelihood of loss, while the alleged motivation is unlawful discrimination. In July, 2007, The Federal Trade Commission released a report presenting the results of a study concerning credit-based insurance scores and automobile insurance. The study found that these scores are effective predictors of the claims that consumers will file. (. And the reaction against this practi...
