history: I recently started working at an insurance company.  I am trying to learn as much as I can as quickly as possible.
knowledge: It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.
response: Insurance is a type of risk management that hedges against uncertain loss.
history: I recently started working at an insurance company.  I am trying to learn as much as I can as quickly as possible.
Insurance is a type of risk management that hedges against uncertain loss.
I am very interested in minimizing risk and like that I can help people through insurance.
knowledge: An entity which provides insurance is known as an insurer, insurance company, or insurance carrier.
response: That's great! A provider of insurance is called an insurance company.
history: I recently started working at an insurance company.  I am trying to learn as much as I can as quickly as possible.
Insurance is a type of risk management that hedges against uncertain loss.
I am very interested in minimizing risk and like that I can help people through insurance.
That's great! A provider of insurance is called an insurance company.
Do you know when insurance actually became a thing?  Is it just a modern profession and business practice?
knowledge: The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insured will be financially compensated.
response: I actually don't know the answer to either question. These days, though, the person getting insurance gets a contract called an insurance policy. That policy dictates the terms by which the insured gets their money in the event of a loss.
history: I recently started working at an insurance company.  I am trying to learn as much as I can as quickly as possible.
Insurance is a type of risk management that hedges against uncertain loss.
I am very interested in minimizing risk and like that I can help people through insurance.
That's great! A provider of insurance is called an insurance company.
Do you know when insurance actually became a thing?  Is it just a modern profession and business practice?
I actually don't know the answer to either question. These days, though, the person getting insurance gets a contract called an insurance policy. That policy dictates the terms by which the insured gets their money in the event of a loss.
Ultimately, those contracts are built to make the company profits though and have little to do with helping people, right?
knowledge: If the insured experiences a loss which is potentially covered by the insurance policy, the insured submits a claim to the insurer for processing by a claims adjuster.
response: I wouldn't really know, but if the insured has a loss that the policy covers, they can submit a claim to the company.