Types of auctions

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English auction: This is what most people think of as an auction. Participants bid openly against one another, with each bid being higher than the previous bid. The auction ends when no participant is willing to bid further, or when … Read More

Insurance Contract Principles

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A property or liability insurance policy is a “personal contract,” a “conditional contract,” a “unilateral contract,” a “contract of adhesion,” a “contract of indemnity,” and a contract which requires that the person insured have an insurable interest at the time … Read More

Accidental death and dismemberment insurance

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Accidental death and dismemberment insurance coverage (also called AD&D) covers death or dismemberment as a result of an accident. In constrast to life insurance coverage, AD&D generally would not pay survivor benefits in the case of death by illness. AD&D … Read More

Auction

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An auction is the approach of buying and promoting issues by offering them up for bid, taking bids, and then promoting the item for the highest bidder. In financial theory an auction is usually a strategy for figuring out the … Read More

The Insurance Market Overview for Central and Eastern Europe and Romania

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The Insurance Market Overview for Central and Eastern Europe Ensight Management Consulting presents the results of the insurance market study in Central and Eastern Europe and Romania with complete data for 2011. The analysis is based upon data from CSA, … Read More

Insurance

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Insurance, in law and economics, is a type of risk management mainly utilized to hedge against the risk of possible monetary loss. Insurance is defined because the equitable transfer from the risk of a possible loss, from 1 entity to … Read More

Indemnity

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Indemnity is really a legal exemption in the penalties or liabilities incurred by any course of action. For instance, following wars, the losers have occasionally been needed to spend indemnities. An insurance coverage payout is usually known as an indemnity, … Read More

Health insurance

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Health insuranceis a type of insurance whereby the insurer pays the medical costs of the insured if the insured becomes sick due to covered causes, or due to accidents. The insurer may be a private organization or a government agency. … Read More

General insurance

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General insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurancetypically comprises any insurance that is not determined to be life insurance, and is called property and casualty insurance in … Read More

Earthquake insurance

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Earthquake insurance coverage is actually a form of property insurance that pays the policyholder within the event of an earthquake that causes harm towards the home. Most ordinary homeowners insurance coverage policies do not cover earthquake damage. Most earthquake insurance … Read More

Death spiral

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Death spiral is a term used to describe an insurance plan whose costs are rapidly increasing as a result of changes in the covered population. It is the result of adverse selection in insurance policies where lower risk policy holders … Read More

Captive insurance

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Captive insurance companies are limited purpose insurance coverage businesses established together with the precise objective of financing dangers emanating from their parent group or groups, even though they occasionally also insure several of the dangers on the parent company’s prospects. … Read More

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