Introduction to Insurance MODULE - 2 Principles of Insurance 2 Notes INTRODUCTION TO INSURANCE 2.0 INTRODUCTION In the preceding chapter the nature and significance of risk and method of ...
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...Introduction to insurance module principles of notes in the preceding chapter nature and significance risk method handling risks has been explained as we have seen possibility loss creates uncertainty which undesirable economic psychological effect when speak methods are talking about efforts reduce while no approach problems is used exclusions all others single most important an widely alternatively for families business objectives at end this lesson you will be able know z concept how works need helps development country there three schools thought defined follows terms relationship between insured insurer transfer device according school may pure from diploma services person or firm company confronted by a specializes assumption primary fee technical defines techniques mechanics it involves prof mehr cammack reducing combining sufficient number exposure units make their individual losses collectively predictable then shared proportionately combination therefore implies both that red...