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 With the passing of years, the market has become competitive, as several insurers have begun to emerge in both the life and the non-life sector. It insecure customers and jeopardized their market reputation. Even as the government understood this, it first focused about safeguarding the interests of the consumer and therefore created an independent […]

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