Insurance - Softcover

Robert Riegel

 
9781332335664: Insurance

Synopsis

This book meticulously explores the principles and practices of insurance across its multiple forms, encompassing life, personal, liability, property, marine, automobile, credit, and corporate bonding. The author elucidates the significance of insurance as a cornerstone of business enterprise, emphasizing its role in introducing security, enhancing efficiency, promoting equitable cost distribution, and serving as a basis for credit extension. The book traces the historical evolution of insurance, highlighting its transformation from rudimentary practices to sophisticated risk management mechanisms. It examines the fundamental principles underlying all forms of insurance, such as insurable interest, probability, and risk distribution. The author delves into the intricate calculations and actuarial methods employed in determining premiums, reserves, and surrender values in life insurance. Property insurance is examined in detail, with discussions on fire, marine, and automobile insurance. Liability insurance, including workers' compensation and professional liability, is analyzed to illustrate the protection it provides against legal claims. This book serves as a comprehensive guide to the intricacies of insurance, offering valuable insights for business professionals, students, and anyone seeking to navigate the complexities of risk management. Its clear and engaging exposition makes it an indispensable resource for understanding the vital role insurance plays in modern society.

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