paulwalkarfan

Before explaining this difference between a premium payment and a regular fund deposit in a bank or a safety box, let’s look at the situation from the insurance firm’s perspective. If the premium is really just money deposited for safekeeping, owned...

Insurance is the most popular form of risk management in today’s world. Risk is something that is unavoidable in its entirety, meaning that everyone living in this world, no matter how safe he/ she wants to play, will still have to bear a minimum amount...

Risk is a part of every human’s life, both personal and professional.  Being a part means that it can’t be totally avoided, only managed.  When you use a flyover to get somewhere, fly in an airplane or leave your car to visit a supermarket, you are constantly...

We have discussed in previous posts in great detail, the concepts of risk, risk appetite, risk mitigation and insurance in general.  We also discussed that why risk mitigation methods are needed i.e. because risk cannot be avoided in its entirety in...