insurance
thumb|upright=1.5|alt=The Norwich Union, Fire Insurance Company. Assets over 8 million dollars, losses paid over 100 million dollars.|An advertisement for a fire insurance company Norwich Union, showing the amount of [[assets in coverage and paid insurance (1910)]]
AI overview
Insurance is a financial arrangement where a company agrees to compensate you for certain losses or damages in exchange for regular payments called premiums. It matters because it helps protect people and businesses from the financial hardship that can result from unexpected events like fires or other accidents.
AI-generated from the Wikipedia summary — may contain errors.
Research
331,938 papers- Long term care insurance with state-dependent preferences.Health economics · 2021De Donder P, Leroux MLDOI: 10.1002/hec.4423
- Ethics of patients losing insurance coverage due to hospital-insurer contract disagreements.Clinics in dermatology · 2024Rao I, Zhou AE, Jain NP et al.DOI: 10.1016/j.clindermatol.2024.05.007
- Anti-Selection & Genetic Testing in Insurance: An Interdisciplinary Perspective.The Journal of law, medicine & ethics : a journal of the American Society of Law, Medicine & Ethics · 2022Golinghorst D, de Paor A, Joly Y et al.DOI: 10.1017/jme.2022.18
- Increasing Insurance Choices In The Affordable Care Act Marketplaces, 2018-21.Health affairs (Project Hope) · 2021Anderson DM, Griffith KNDOI: 10.1377/hlthaff.2020.02058
- Risk Adjustment in Health Insurance Markets: Do Not Overlook the "Real" Healthy.
Article
56 sectionsContents
- History
- Early methods
- Modern methods
- Principles
- Insurability
- Legal
- Indemnification
- Exclusions
- Social effects
- Methods of insurance
- Insurers' business model
- Insurance premium
- Claims
- Marketing
- Types
- Vehicle insurance
- Gap insurance
- Health insurance
- Income protection insurance
- Casualty insurance
- Life insurance
- Burial insurance
- Property
- Liability
- Credit
- Cyber attack insurance
- Other types
- Insurance financing vehicles
- Closed community and governmental self-insurance
- Insurance companies
- Mutual versus proprietary
- Reinsurance companies
- Captive insurance companies
- Other forms
- Admitted versus non-admitted
- Insurance consultants
- Financial stability and rating
- Across the world
- Regulatory differences
- Insurance practices and controversies
- Does not reduce the risk
- Moral hazard
- Complexity of insurance policy contracts
- Limited consumer benefits
- Redlining
- Insurance patents
- Insurance on demand
- Insurance industry and rent-seeking
- Religious concerns
- See also
- Notes
- References
- Citations
- Sources
- Further reading
- External links
thumb|upright=1.5|alt=The Norwich Union, Fire Insurance Company. Assets over 8 million dollars, losses paid over 100 million dollars.|An advertisement for a fire insurance company Norwich Union, showing the amount of [[assets in coverage and paid insurance (1910)]]
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss.