Related topics: insurance

How drones could improve crop damage estimates

Farmers and insurance companies may soon get more accurate estimates of weather-related crop damage thanks to a University of Alberta researcher working with existing drone technology.

IT researchers break anonymity of gene databases

DNA profiles can reveal a number of details about individuals, and even about their family members. There are laws in place that regulate the trade of gene data, which has become much simpler and cheaper to analyze today. ...

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Insurance

Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of as a guaranteed small loss to prevent a large, possibly devastating loss. An insurer is a company selling the insurance; an insured or policyholder is the person or entity buying the insurance. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.

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