Gourt > Society > Government > Finance > Regulators > Insurance (3)
Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. Insurance is defined as the equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a premium and duty of care.
Principles of insurance
Losses must be uncertain.
The rate of losses must be relatively predictable: In order to set premiums (prices) insurers must be able to estimate them accurately. This is done using the Law of Large Numbers which states that: The larger the number of homogenous exposures considered, the more closely the losses reported will equal the underlying probability of loss. If the coverage is unique, the insured will pay a correspondingly higher premium. Lloyd's of London often accepts unique coverages. (e.g., the insuring of Tina Turner's legs and Jennifer Lopez's buttocks)
More on [ Insurance ]
Insurance :: Financial Services
Personal Insurance
Where to Get Cheap California Auto Insurance Quotes | http://bit.ly/63LIcL
paulhanns (Paul Hanns) Wed, 16 Dec 2009 07:02:54 -0000
Where to Get Cheap California Auto Insurance Quotes | http://bit.ly/63LIcL
RT @tomtomorrow: Can you *imagine* how transformative it would be if people could take chances, switch jobs w/o fear of losing insurance?
Nikchick (Nik Chick) Wed, 16 Dec 2009 06:58:44 -0000
RT @tomtomorrow: Can you *imagine* how transformative it would be if people could take chances, switch jobs w/o fear of losing insurance?
MedicalQuoteFinder Blog: Why compare free insurance quotes?: Simply getting free insurance quotes is not enough.. http://bit.ly/6CP32t
Tonyblogger (Tonya J. Matheson) Wed, 16 Dec 2009 05:34:05 -0000
MedicalQuoteFinder Blog: Why compare free insurance quotes?: Simply getting free insurance quotes is not enough.. http://bit.ly/6CP32t
@surfluna Over the past 3 years of law school, my contact lens prescription has gotten markedly worse, and so has my health insurance!
jmvalentine (Jessie Mae Valentine) Wed, 16 Dec 2009 04:42:14 -0000
@surfluna Over the past 3 years of law school, my contact lens prescription has gotten markedly worse, and so has my health insurance!
Financial and Insurance Sales Consultants-Billings,MT http://bit.ly/5eKAOr #jobs
Insurance_Sales (Mutual of Omaha) Wed, 16 Dec 2009 04:24:05 -0000
Financial and Insurance Sales Consultants-Billings,MT http://bit.ly/5eKAOr #jobs
New Post New post: FSA reprieve for asset managers and insurers (http://insurance.kit4u.info/?p=25)
secretwavex (Muhammad Rizal) Wed, 16 Dec 2009 04:22:24 -0000
New Post New post: FSA reprieve for asset managers and insurers (http://insurance.kit4u.info/?p=25)
Australian Prudential Regulation Authority (APRA) - Responsible for prudential regulation of the financial sector and the authorising of insurers.
Meta Description: [ Home ]
Chile - Superintendencia de Valores y Seguros de Chile (SVS) - The Chilean Securities and Insurance Supervisor is an autonomous corporate body affiliated with the Chilean government through the Ministry of Finance. [Spanish, English]
Georgia - Insurance State Supervision Service Of Georgia - Participates in policy decisions, coordinates activity, promotes development of the insurance industry, and supervises insurance activities. [Georgian, English]
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Guernsey Financial Services Commission, Insurance - Site offers both promotional and regulatory information for insurance in the Bailiwick of Guernsey.
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Guyana - Office of the Commissioner of Insurance - Regulatory body established by the Parliament of Guyana.
Meta Description: [ Official website of the Office of the Commissioner of Insurance - a regulatory body established by the Parliament of Guyana ]
Hong Kong - Office of the Commissioner of Insurance (OCI) - Ensures that the interests of policy holders or potential policy holders are protected and promotes the general stability of the insurance industry.
India - Insurance Regulatory and Development Authority (IRDA) - Established by Parliament to protect the interests of the policyholders, to regulate, promote, and ensure orderly growth of the insurance industry.
Ireland - Insurance Section: Financial Services Regulatory Authority - Provides information of use to companies, consumers, and public representatives. Includes guidelines and policy documents.
Isle of Man - Insurance and Pensions Authority - Presentation of the jurisdiction's regulatory environment and contact information. Claims to deter the unscrupulous without hindering forward thinking dynamic companies
Meta Description: [ The Isle of Man Government - Insurance and Pensions Authority ]
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Jersey Financial Services Commission, Insurance - Provides regulatory information concerning legislation, codes of practice, and policy.
Korea - Insurance Supervision Department - Part of the Financial Supervisory Service. Describes the department and offers statistical information concerning Korean insurance companies and other financial institutions.
Latvia - Financial and Capital Market Commission - Protects the interests of investors, depositors and the insured, and promotes the development and stability of financial and capital markets. [Latvian, English]
New Zealand - Insurance and Superannuation Unit (ISU) - Part of the Ministry of Economic Development. ISU supervises compliance of insurance companies and registered superannuation schemes. Site includes reports, newsletters, rating schedules, and forms.
Meta Description: [ This site provides access to resources and publications available from the Insurance and Superannuation Unit (ISU) of the Ministry of Economic Development and incorporates the Government Actuary. The ISU supervises the management of registered superannuation schemes, encouraging compliance with t... ]
Philippines - Insurance Commission - Part of the Department of Finance, safeguarding the insuring public and ensuring the financial stability of the industry.
Romania - Insurance Supervisory Commission - Independent authority which actively seeks to protect the insured's rights and to promote a stable insurance environment. [Romanian, English]
Meta Description: [ Comisia de Supraveghere a Asigurarilor ]
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Singapore - Monetary Authority of Singapore (MAS), Insurance - Regulates insurance, banking, and equities, and conducts Singapore's monetary policy. Insurance information is found in many of the major sections of the site.
South Africa - Council for Medical Schemes - Autonomous statutory body, established by the Parliament of South Africa to provide supervision over medical schemes. Site describes organization, legislation, and offers consumer assistance.
South Africa - Insurance Department - Part of the Financial Services Board (FSB). The Department consists of two divisions: Registration and Policy, and Prudential Supervision.
The Bahamas - Captive Insurance - Describes regulatory environment aimed at making The Bahamas an international insurance centre. Captive insurance insures the risks of its owners who are not in the business of insurance.
United Kingdom - Financial Services Authority (FSA) - Independent body which regulates financial services. Site is organized by topic, not business class. Thus insurance content will be found in topics such as News, Consumer Help, and Industry Help.
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