Insurance Company Meaning In English

Insurance is a term in law and economics.

Insurance company meaning in english. We go where you go. Insurance company meaning, definition, what is insurance company: Insurance company a financial institution that provides a range of insurance policies to protect individuals and businesses against the risk of financial losses in return for regular payments of premiums.an insurance company operates by pooling risks amongst a large number of policyholders.

The term insurance is pretty straightforward. Noun an arrangement or agreement that protects someone from incurring future losses, as from damage, theft, illness, or death, especially a contract that transfers the risk of a specified loss to another. She has a job in insurance.

The act, business, or system of insuring. | meaning, pronunciation, translations and examples Private insurance accounts for about 35 per cent of healthcare in the us.;

These rules tend to defeat the very essence of insurance i.e. In exchange for this, if something bad happens to the person or thing that is insured, the company that sold the insurance will pay money back. From its past claims record, the company actuary can ascertain the probability of a particular event occurring (for example, a fire) and can assess the average financial loss associated with each event.

We’ll chase the recession together! Subject to the provision of federal law number (6) for the year 2007, we are a public joint stock insurance company, which is listed on the abu dhabi securities exchange under the ticker symbol ih, and has been incorporated in abu dhabi with a total paid up capital amounting to aed 118,780,500. Noun the state of being insured.;

Insurance is a contract (policy) in which an insurer indemnifies another against losses from specific contingencies or perils. ‘the company has indicated that the proposals governing health insurance will protect them against rising costs.’ ‘at least we have crop insurance which is good protection against decisions that turn out bad.’ ‘if they fall within the legal definition of insurance, protection may be offered to consumers in two ways.’ An agreement in which you pay a company money and they pay your costs if you have an accident….