Recognize Insurance-Each insurer must have benefits.
And generally benefit from the insured is:
1. Guarantee protection from the risks of loss suffered by one party.
2. Improve efficiency, because it does not need to specifically hold a security and supervision to provide protection that takes a lot of energy, time and cost.
3. Risk transfer; By paying a relatively small premium, a person or company can move the uncertainty of life and property (risk) to the insurance company
4. Equitable cost, ie enough to pay a certain amount and do not need to replace / pay for their own losses and the amount does not necessarily uncertain.
5 The basis for the bank to extend credit because the bank requires a guarantee of protection of the collateral provided by borrowers.
6 For the savings, because the amount paid to insurers will be returned in greater numbers. This is specially true for life insurance.
7 Closing the Loss of Earning Power an individual or business entity
And generally benefit from the insured is:
2. Improve efficiency, because it does not need to specifically hold a security and supervision to provide protection that takes a lot of energy, time and cost.
3. Risk transfer; By paying a relatively small premium, a person or company can move the uncertainty of life and property (risk) to the insurance company
4. Equitable cost, ie enough to pay a certain amount and do not need to replace / pay for their own losses and the amount does not necessarily uncertain.
5 The basis for the bank to extend credit because the bank requires a guarantee of protection of the collateral provided by borrowers.
6 For the savings, because the amount paid to insurers will be returned in greater numbers. This is specially true for life insurance.
7 Closing the Loss of Earning Power an individual or business entity
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