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Insurance

Property/casualty insurance

In the vast world of insurance, there are two main sectors: property/casualty and life/health. Today, let's focus on property/casualty insurance, also known as non-life or general insurance. This type of insurance covers damage or loss of property belonging to the policyholder, as well as any legal liability for damages caused to others or their property. Common examples of property/casualty insurance include auto, homeowners, and commercial insurance. It is an essential aspect of the insurance industry and plays a crucial role in protecting individuals and businesses from financial losses.

Mortality Cost

Life insurance premiums are determined by various factors, the foremost being the mortality rate of individuals at different ages. Insurers rely on mortality tables to estim...

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Dynamic risks

One of the fundamental concepts in finance is the idea of risk. It refers to the uncertainties that arise due to changes in the world around us. Whether these risks are pure...

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Total loss

When an automobile or other property suffers damage to such an extent that the cost of repairing it exceeds its value, we refer to this as a total loss. This can occur due t...

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Pair-and-set clause

Insurance companies often use a method called "pair and set" valuation to determine the amount of compensation for lost items. This approach takes into account the differenc...

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