Physical Hazard

Physical hazard is the condition of any property, which increases the chance of loss. For example, if you buy an old grass thatched wooden ...

TYPES OF HAZARD

Let's talk about different types of Hazards.  There are different types of hazard. The 3 most important types are: ·          Physical H...

The Definition

PERIL Peril is the thing that causes loss. So peril is the cause of a loss. For example, if your book is stolen, then we say that the peril ...

PERIL AND HAZARD

Peril is different from the term Hazard. Also, the two terms are different from the term risk. They are not the same things as risk. However...

PERIL AND HAZARD

Peril is different from the term Hazard. Also, the two terms are different from the term risk. They are not the same things as risk. However...

OFF BEAT: Man says Playboy mansion favors women, files class action lawsuit

Is the Playboy Mansion unfair to men? That’s the assertion in a class action lawsuit filed against the Playboy facility in the Holmby Hills ...

Cost of Solvency 2 rules for SA life insurers ‘a shock’

THE cost of Solvency 2, the new regulatory framework for life insurers in Europe and the UK — which will be implemented in SA by 2014 — has ...

WHAT IS RISK?

R isk can be defined in different ways. This is also because every human activity is associated with risk and everyone defines risk in the...

CONCEPT OF RISK

R isk is the fundamental problem which insurance deals with. We are all living in a world of risk. Everything around us confronts us with it...

Purpose of Insurance

The primary purpose of insurance is to spread the financial losses of insured members over the whole of the insuring community be compensati...

The Concept of Insurance

The concept of insurance is simple, to protect oneself or another person against the loss money, life, goods, etc. It’s in an agreement or c...

Why Insurance

All of us have been through difficult times before. Take a moment and look at the people in your life such as: family, friends, classmates a...