Insurance: Definition, Types, Functions and Importance

Insurance: Definition, Types, Functions and Importance 1

WHAT IS INSURANCE ? Insurance is a way or mechanism of transferring the insurable risk to an insurance company for a price called premium such that in the event of a loss, the insurance company will compensate the policyholder (individual or company) as per the terms set out in the insurance contract. โ€ข Insurance works โ€ฆ Read more