Insurance - Principles


Financial market
  • Collective investment schemes
  • Credit unions
  • Insurance companies
  • Investment banks
  • Pension funds
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  • Trusts
Finance series
  • Financial market
  • Participants
  • Corporate finance
  • Personal finance
  • Public finance
  • Banks and banking
  • Financial regulation

Insurance involves pooling funds from many insured entities (known as exposures) to pay for the losses that some may incur. The insured entities are therefore protected from risk for a fee, with the fee being dependent upon the frequency and severity of the event occurring. In order to be insurable, the risk insured against must meet certain characteristics in order to be an insurable risk. Insurance is a commercial enterprise and a major part of the financial services industry, but individual entities can also self-insure through saving money for possible future losses.

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National Medal Of Technology And Innovation - Laureates
... and research, as a Professor of Industrial Engineering and Management Science, on the principles of technology commercialization." 1990 Fred W ... For his lifetime work of providing the key principles and methods by which enterprises manage the quality of their products and processes, enhancing their ... theory and technology, statistical methods and management principles that define the Total Quality Management approach for achieving performance excellence and global competitiveness ...
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