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An entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter. A person or entity who buys insurance is known as an insured. The insurance transaction involves the insured assuming guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate th the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms, and usually involves something in which the insured has an insurable interest established by ownership, possession, or pre-existing relationship.
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Last updated on Jul 8, 2019
Minor bug fixes and improvements. Install or update to the newest version to check it out!
Uploaded by
Anderson Almeida
Requires Android
Android 4.2+
Category
Report
Human Insurance
3.0 by App box
Jul 8, 2019