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Equitable transfer of the risk of a loss, from one entity to another in exchange for payment

Insurance is a system under which the insurer, for a consideration usually agreed upon in advance, promises to reimburse the insured or to render services to the insured in the event that certain accidental occurrences result in losses during a given period. It thus is a method of coping with risk. Its primary function is to substitute certainty for uncertainty as regards the economic cost of loss-producing events.




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How did insurances develop? - A short history of the insurance industry

September 2013




Ingrid Lunden
September 29, 2021
Millennial consumers are emerging as a key demographic in the insurance market, and today a Swedish startup that's building a business catering specifically to their needs and priorities is announcing a round of funding to fuel its growth. Hedvig, a neo-insurer that provides property, travel, contents, and accident insurance geared to the lifestyles of younger [...]
George Maliha
July 13, 2021
Harvard Business Review
New technologies require new frameworks to handle risk.
Martin Coulter
June 5, 2021
Business Insider
Wrisk recently launched a first-of-its-kind flexible car insurance product, allowing people to pay for the miles they drive.
Nikunj Ohri
May 28, 2021
Currently, India follows the old solvency standards where insurers have to hold a percentage of reserve as capital.
Zee News
May 27, 2021
Zee News
On Thursday (May 27), the Delhi High Court has directed the Insurance Regulatory and Development Authority of India (IRDAI) to understand if people, who weren't able to get hospitalisation due to lack of beds, can avail an insurance cover or not. Amid the second wave of coronavirus in the country,
Martin Coulter
April 24, 2021
Business Insider
Revolut investor Seedcamp is among the backers in the Series A round. Superscript already counts Starling Bank and Crowdcube among its clients.
Stephen Palley
April 21, 2021
The Block
Digital asset custodian BitGo announced Wednesday that it has secured a total of $700 million in insurance coverage for the assets in custody in cold storage.
Truist Financial Corporation
April 15, 2021
/PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today reported earnings for the first quarter of 2021. Net income available to common shareholders was...
Yogita Khatri
April 15, 2021
The Block
Insurance giant AXA Switzerland now allows customers to pay premiums in bitcoin (BTC).
Heather Landi
April 7, 2021
Startup insurer Bright Health has acquired Zipnosis to strengthen its position in the telehealth market. The deal comes one week after news broke that Bright Health plans to go public. Insurance companies have been making major moves into telehealth as the COVID-pandemic drives rapid adoption of virtual care.
March 10, 2021
/PRNewswire/ -- Homeowners looking for ways to cut costs may inadvertently ignore an important source of savings -- discounts on their insurance. To help...
January 23, 2021
The Economic Times
A move in the right direction would be to make annuities tax-free. Doing so would bring about parity between this segment and the NPS, which is allowed a further tax exemption limit of Rs 50,000 over and above the Rs. 1.5 lakh under Section 80C.
Truist Financial Corporation
January 21, 2021
/PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today reported earnings for the fourth quarter of 2020. Net income available to common shareholders...
Tom Johansmeyer
January 11, 2021
Harvard Business Review
There's literally not enough money to keep the system afloat in the event of a major attack.
December 15, 2020
/PRNewswire/ -- releases a new study detailing the states (and counties) where the largest percentage of upside-down mortgages exist. The new...
Sophia Kunthara
November 17, 2020
Crunchbase News
As a digital data company, HOVER is aiming to modernize how property projects are carried out.
Jon Bateman
October 30, 2020
Harvard Business Review
Decisions you make today will determine whether you're facing financial chaos -- or just a bad day at the office.
BS Reporter
August 26, 2020
But the crisis has also brought in a new challenge for general insurance providers, with claims doubling every 30 days
Graham Readfearn
August 21, 2020
the Guardian
Suncorp will not underwrite any new projects, and will phase out coverage of existing oil and gas projects by 2025. Photograph: Dazman/Getty Images/iStockphoto


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