Theory and Practice of Insurance
Insurance is a concept, a technique, and an economic institution. It is a major tool of risk management, and plays an important role in the economic, social, and political life of all countries. Economic growth throughout the world has even expanded the role of insurance. Theory and Practice of Insurance aims to describe the significance of insurance institutions, the reasons they exist and how they function. The author emphasizes fundamental principles in risk and insurance, using an international frame of reference. This volume begins with an introduction to the concept of risk, then proceeds to cover insurance and its relationship to the economy; the principles of risk management and insurance; and the characteristics and performance of insurance companies.
What people are saying - Write a review
writing a review with out knowing pages 42-432 would not be ... meaningful.
So far the author has taken a good casual tone to introduce the history of insurance. in common simple terms, no complex notations or any thing.
It is a meaningful book for those who are thoroughly unaware of Insurance. For those who are well aware; the first 42 pages will be boring.
A quality academic publication on the insurance business - from its history to the principles of financial analysis and regulation needs. Good for anyone interested in how the insurance industry works.