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... and warranties. Condition imposes certain duties upon the insured and also defines the insurer liability. Warranties is undertaking by the insured to the insurer that he will or he will not do certain things or that certain facts are as stated.
g) Covers .In insurance there are different types of cover e.g. property cover, life assurance, group insurance, accidents insurance, public liability and social insurance.
Desribe Risk management and Insurance; giving similarities and differences.
This essay gives a brief description of risk management and Insurance. It also highlights comparisons and differences between the two terms.
Details
| language |  | english |
| wordcount |  | 1418 (cca 4 pages) |
| contextual quality |  | N/A |
| language level |  | N/A |
| price |  | free |
| sources |  | 3 |
Table of contents
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Preview of the essay: Desribe Risk management and Insurance; giving similarities and differences.
RISK MANAGEMENT. It is the scientific approach to the problem of dealing with pure risks faced by individual and businesses. It is a function of executive direction over all phases of the business enterprise that affect the ultimate profit if the firm. INSURANCE. It is a contract by which the insurer, for a fee (the premium), agrees to reimburse another firm or individual a sum of ...... and warranties. Condition imposes certain duties upon the insured and also defines the insurer liability. Warranties is undertaking by the insured to the insurer that he will or he will not do certain things or that certain facts are as stated.
g) Covers .In insurance there are different types of cover e.g. property cover, life assurance, group insurance, accidents insurance, public liability and social insurance.
Essay is in categories
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Finance
/Insurance
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Economics
/Management
/Risk Management
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