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.




Further reading


Documentaries, videos and podcasts


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

September 2013




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
Arup Roychoudhury
July 29, 2020
Other sectors that could get the strategic tag are railways, oil and gas, defence, space and atomic energy
Subrata Panda & Shreepad S Aute
March 18, 2020
In the past couple of years, life insurers, mainly private players, have been pushing protection products to improve margins as these term plans enjoy a higher margin
Naveena Sadasivam
March 4, 2020
"Ongoing, business-as-usual practice is propelling us to an unbankable world."
December 19, 2019
The Economic Times
According to Tech Mahindra, the joint go-to-market approach will address verticals like Communications, Media & Entertainment, Healthcare & Life Sciences, Retail & CPG (Consumer Packaged Goods), Banking & Financial Services, Insurance, Travel, Transportation & Hospitality, Hi Tech & Manufacturing, Energy & Utilities, Procurement, Finance Operations.
Connie Chen
September 10, 2019
Business Insider
EyeBuyDirect, Zenni, Warby Parker, Felix Gray, GlassesUSA, and Eyeconic make it easy and affordable to find prescription glasses online with insurance.
Ivan De Luce
October 4, 2019
Business Insider
From Tony the Tiger to Colonel Sanders and Flo from Progressive, these mascots are so popular they've made it to the Madison Avenue Walk of Fame.
Combined Insurance
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CHICAGO, Feb. 15, 2019 /PRNewswire/ -- February is Insurance Careers Month, a cross industry-wide initiative that aims to highlight the wide variety of career...
Brian Heater
November 29, 2018
Lemonade this morning revealed plans to expand into the European market. The news marks the first international expansion for the AI-powered insurance app, which launched in New York City in 2016. The official announcement issued by the company is extremely light on details, with the promise to rev...


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