Essays on Insurance

Unemployment’s effect is usually considered negatively to any economy. However, many economists and academics state that there is a certain level of unemployment that cannot be erased. High unemployment rates translate into high costs on the individual, the society and the country. The costs of...

Here in this study, LIDD= Life Insurance Demand. Sums insured (total business in force of life insurance) is used to measure life insurance demand. GS= Gross saving, INF=Inflation, i.e., consumer price index This chapter presents the theoretical framework and various techniques which are applied for...

Most consumers usually do not bother reading the terms inside their insurance policy – physical exercises call around for lowest quotes and purchase the smallest bid. In the long run, this isn’t always a great way, and won’t always save essentially the most money. These...

Companies are faced with unexpected risks, but general liability insurance protects the owner of the company from the financial loss arising from injury to customers on their property or damage to his property team on the other. “Commercial” means that the coverage is for companies,...

The theory of insurance has been around as long as humans have. The point of insurance is to aid in reducing risks and spreads the risk from the individual to a larger community which diminishes the risk that every insurance policyholders will have losses at...

Of the countries under consideration, the five that would be most suitable for immediate establishment of a BFSI subsidiary are Kuwait, South Africa, New Zealand, Peru, and Latvia. Kuwait, which is in the northeast corner of the Arabian Peninsula, with a society of high level...

Thousands of people get bitten by animals every year. In majority of these cases, the animal involved is a dog. If you fall victim to an animal attack, you may have a legal right to get damages from the animal owner or the entity responsible...

In March 2018, the Supreme Court (sitting in a panel comprising Lord Mance, Lord Sumption, Lord Carnwath, Lord Hughes, Lord Briggs) will hear this appeal relating to the interpretation and interplay between clauses of the standard form Institute War and Strikes Clauses 1/10/83. The Supreme...

Distinctive life insurance designs have been helping the friends and family to deal with their monetary duties on the off chance that the sole provider passes away. These designs have incredibly helped individuals to return to a typical life in the wake of confronting the...

It is every teenager’s dream to own a car of which, many are fortunate enough to get it. However, they have to overcome one big hurdle – huge car insurance premiums. Luckily for the parents of those who live in North Carolina, there is a...

Firms in the life insurance industry are under a contractual obligation with consumers to pay out a lump sum of money or an annuity according to the terms of the product sold. In Australia, the four main life insurance products are death cover, Total and...

Introduction The world we live in is full of instability and risk. Individuals, families, companies, property and assets are exposed to different types and levels of risk. These include risk of loss of life, health, assets and property, etc. While it is not always possible...

Insurance is something almost everyone has, it is usually beneficial to have when you are in an accident or your home is damaged. There are certainly a lot of pros of insurance, but not many people think about the cons. I believe that it is...

The Public Liability Insurance Act,1991 received assent of the President on 22nd January, 1991. This Act was passed with an object “to provide immediate relief to the persons affected by accidents occurring while handling any hazardous substances and for matters connected therewith or incidental thereto”...

Over the last year, as well as preceding years before this we have seen a steady increase in premiums if you have had health insurance. Just over 3.2 million Americans in fact have lost their coverage or simply been outpriced from it to be able...

When we talk about insurance, its not because we are thinking of it as a form of an investment. We are thinking about the rate of returns that we will gain incase we have to deal with the risks attached or also because some friend...

GROSS SAVING RATE: Saving is that part of income which is not spent which means that when income rises the saving will increase. The gross saving (as % of GDP) is 23.29% during December 2017 in Pakistan. In this study, gross saving is taken as...

According to a recent study by U.S Bank, about 82% of small businesses fail due to poor mismanagement of cash flow. But how do you know that? Cash flow mismanagement occurs if your expenses exceed your cash. Without positive cash flow, a company cannot meet...