Related topics: insurance

How trustworthy is your dog's DNA test?

Lila is a registered purebred beagle, but depending on what company does her DNA testing, she might be part rottweiler, part American foxhound, or not a beagle at all.

Underwater unmanned vehicle missing under Doomsday Glacier

The unmanned underwater vehicle Ran has gone missing under a glacier in Antarctica. The vehicle, owned by the University of Gothenburg, is one of just three in the world that is used for research and has contributed to important ...

How big data transforms the insurance sector

In 2022, the insurance industry made a whopping USD 6 trillion globally—more than the entire economy of big countries like Japan and Germany. A recent study, published in The Journal of Finance and Data Science, looked ...

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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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