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.

Swiss statistical systems enhanced by big data

A huge volume of digital data has been harvested, stored and shared in the last few years from sources such as social media, geolocation systems and aerial images from drones and satellites, giving researchers many new ways ...

New study estimates frequency of volcanic eruptions

Holidaymakers concerned about fresh volcanic eruptions causing flight-disrupting ash clouds might be reassured by a study setting out the first reliable estimates of their frequency.

Tech startups want to change the way you drive

A veteran computer scientist hates sitting in his car at stop lights, so he creates software that makes the experience less annoying. A former engineering professor wants to double the range of today's electric vehicles. ...

Watson's medical expertise offered commercially

The Watson supercomputer is graduating from its medical residency and is being offered commercially to doctors and health insurance companies, IBM said Friday.

page 1 from 11

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.

This text uses material from Wikipedia, licensed under CC BY-SA