Day: July 26, 2020

The Importance of Understanding Insurance Risk

The Importance of Understanding Insurance Risk The Importance of Understanding Insurance Risk

Insurance, in its simplest terms, is the transfer of risk from a policyholder, or insured, to an insurance company, or insurer. Insurance risk is defined as the possibility of loss. Loss, in this case, can be defined as an undesirable financial outcome. While there are other types of risk and other types of loss in […]

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