Insurance and Risk

2.1- What is Insurance? Explain the basic characteristics of Insurance

2.2- What is the Law of Large Numbers?

2.3- What are the requirements of an Insurable risk from the viewpoint of a private insurer?

2.4- What are some of the major Insurable and and Uninsurable risks in our society?

2.5- How does Insurance differ from gambling and speculation?

2.6- What are the major types of Insurance?

2.7- What are the social benefits and social costs of Insurance

2.8- What is adverse selection?

2.9- What is Casualty Insurance

2.10- What is Expense loading?

2.11- What are Fidelity and Surety Bonds?

2.12- What is "Fortuitous Loss"?

2.13- What is "Indemnification"?

2.14- What is "Inland Marine Insurance"?

2.15- What is Insurance?

2.16- What is the Law of Large numbers?

2.17- What is Life and Health Insurance?

2.19- What is multiple-line Insurance?

2.20- What is Ocean Marine Insurance?

2.21- What is Pooling?

2.22- What is Property and Liability Insurance

2.23- What is Reinsurance?

2.24- What are the requirements for an Insurable risk?

2.25- What is Risk transfer?

2.26- What is Social Insurance?

2.27- What is "Underwriting"?

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