Policyholders have a contract with the insurance company to protect them against certain well-defined risks, for which they pay a premium, a regular payment to the insurance company in exchange for the insurance company’s readiness to handle such risks. The risk pooling hypothesis is a theory that underpins insurance. That what is a threat […]

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Introduction Life is unpredictable and hence there is no assurance or forecasts that can be made regarding what will occur in one’s life. In a similar way, companies also have no guarantees since they experience several unanticipated losses or damages throughout a period of time. Cars, motorcycles, and other assets have no guarantee of running […]

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