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(More customer reviews)The book covers the history of insurance, the principles of risk management and insurance, the characteristics of insurance operations and management and the tools for assessing the performance of insurance companies. Well done.
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Insurance is a concept, a technique, and an economicinstitution. It is a major tool of risk management, and plays animportant role in the economic, social, and political life of allcountries. Economic growth throughout the world has even expanded therole of insurance. Theory and Practice of Insurance aimsto describe the significance of insurance institutions, the reasonsthey exist and how they function. The author emphasizes fundamentalprinciples in risk and insurance, using an international frame ofreference. This volume begins with an introduction to the concept ofrisk, then proceeds to cover insurance and its relationship to theeconomy; the principles of risk management and insurance; and thecharacteristics and performance of insurance companies.
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