Insurance

thumb|upright=1.5|alt=The Norwich Union, Fire Insurance Company. Assets over 8 million dollars, losses paid over 100 million dollars.|An advertisement for a fire insurance company Norwich Union, showing the amount of [[assets in coverage and paid insurance (1910)]]

in economics, situation creating an incentive to take more risk (or otherwise change one's behavior) when another party will bear the costs

discipline that applies mathematical and statistical methods to assess risk in the insurance and finance industries

government-sponsored social program

document confirming the parameters of a policy contract

person who acts as an intermediary between sellers and buyers of insurance policies

selective trading based on possession of hidden information

The term bonus–malus (Latin for 'good-bad') is used for a number of business arrangements which alternately reward (bonus) or penalize (malus). It is used, for example, in the call center and insurance industries.

Required amount of capital needed by financial institutions

Reimbursement is the act of compensating someone for an out-of-pocket expense by giving them an amount of money equal to what was spent.

situation where a damaged property's salvage or repair cost exceeds its insured value

risk resulting from climate change and affecting natural and human systems and regions

one of the forms of risk management mostly practiced by insurance companies, with contributions and liabilities shared among multiple entities

practice of managing financial risks that arise due to mismatches between the assets and liabilities as part of an investment strategy in financial accounting

life insurance

financial standard on insurance contracts

Ratio of losses to gains