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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.

Ocean marine insurance

In the realm of finance, it is crucial to understand the concept of coverage for all types of vessels and watercraft. This includes protection against property damage to the...

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Endowment

An endowment insurance policy offers the benefit of a lump sum payment in the event of the insured's death during the policy term or upon survival until the end of the term....

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Cession

Reinsurance refers to the practice of transferring a portion of risk from primary insurance companies to reinsurers. This is a common tool used in the finance industry to ma...

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Cost-to-repair basis

When we talk about replacement cost, we refer to the expenses involved in replacing a property after a loss, but not necessarily with the same materials and labor. This is a...

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