This course is a thorough overview of Insurance and certain other methods used by businesses and individuals to manage risk. The ways of managing risk, and the situations in which each is appropriate are explained. Since Insurance is the most significant method used to manage risk, it is thoroughly discussed. The different kinds of insurance, and the benefits of each are described. The social benefits of distributing risk over large numbers of entities, through Insurance, by the “law of large numbers,” are also covered. The uses of Insurance in business are emphasized most, but the benefits of certain kinds of Insurance for individuals are also included. #TeachAcademicsInAsia


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