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insurance
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Insurance involves pooling funds from many insured entities (known as exposures) to pay for the losses that some may incur. The ins...
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Societal effects [ edit ] Insurance can have various effects on society through the way that it changes who bears the cost of losses an...
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Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk ...
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Methods for transferring or distributing risk were practiced by Chinese and Babylonian traders as long ago as the 3rd and 2nd mil...
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Modern insurance [ edit ] Insurance became far more sophisticated in Enlightenment era Europe , and specialized varieties developed....
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