Tag Archives: non-life insurance

Risk and Property Insurance

Property insurance is a risk-distributing device.  A person puts money called premium to a common fund and distributes his risk to the group.  There is no way for a person to know in advance whether he will receive compensation more … Continue reading

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What is Non-Life Insurance, part 2

…con’t. Aside from its primary function, property and casualty insurance also has other functions. It stimulates business enterprise—Insurance has made possible and helps maintain the present-day large-scale commercial and industrial organizations. It enables them to use their capital in the … Continue reading

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