Sunday, February 24, 2008

THE TERM OF UNCERTAINTY

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THE IMPORTANCE OF INSURANCE

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WHO ARE THE SELLERS OF INSURANCE

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WHO ARE THE BUYERS OF INSURANCE

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Monday, February 4, 2008

UNDERWRITERS AND BROKERS

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Tuesday, January 29, 2008

THE HISTORY OF LLOYD'S

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In the year 1688 a coffee house in Tower Street near the Tower of London, was owned by a man called Edward Lloyd. Being so near the River Th...
Sunday, January 27, 2008

LLOYD'S OF LONDON

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Lloyd’s is a market, of international standing, where individuals known as underwriters accept insurance. These underwriters have been elec...
Saturday, January 26, 2008

THE INSURANCE MARKET IN BRITAIN

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Like all market, the Insurance Market is a place where buyers and sellers are in contact with one another, either directly, or indirectly, t...
Friday, January 25, 2008

NATIONAL INSURANCE

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Insurance against unemployment, sickness and old age is now undertaken in many countries by the government and in Great Britain it is under ...
Thursday, January 24, 2008

TYPES OF ACCIDENT INSURANCE

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The four types of accident insurance covered are stated below: (a) Insurance of liability. The largest volume of accident business covers ...
Wednesday, January 23, 2008

ACCIDENT INSURANCE

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The term ‘Accident Insurance ‘ has come to mean any kind of insurance not covered by marine insurance, fire insurance, or life assurance. It...

TYPES OF LIFE ASSURANCE POLICIES

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Industrial Life policies developed in the middle of the nineteenth century as a form of life assurance which would appeal to the industrial ...
Monday, January 21, 2008

LIFE ASSURANCE

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Life assurance on a long-term basis became possible after Edmund Halley, the famous Astronomer Royal, published his mortality tables in 1693...
Sunday, January 20, 2008

FIRE INSURANCE

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Fire insurance began a few years after the Great Fire of London (1666) when a speculative builder Nicolas Barbon started the Fire Office in ...
Saturday, January 19, 2008

MARINE INSURANCE-LOSSES AT SEA

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There may be total loss or partial loss: (i) Total loss. If a ship is lost at sea , or if the cargo is completely destroyed , this is know...
Friday, January 18, 2008

THE MAIN SECTIONS OF MARINE INSURANCE

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The main sections of marine insurance are hull, cargo, freight, and shipowner’s liability. (a) Hull. The hull of the vessel, which inclu...
Thursday, January 17, 2008

MARINE INSURANCE

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Ever since 1575, when a Chamber of Assurance was set up in the Royal Exchange of the City of London, there has been a recognized centre for ...

THE TYPES OF INSURANCE

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The four main branches of insurance are: (a) Marine Insurance (b) Fire Insurance (c) Life Insurance (d) Accident Insurance There is no r...
Wednesday, January 16, 2008

THE SCOPE OF INSURANCE

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There are many business risks which can be insured against. A shopkeeper will usually also want to insure his shop window, if it is a large ...
Tuesday, January 15, 2008

PAYING OUT THE JUST CLAIMS

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If an insured person suffers a loss as a result of the peril against which he has insured he is entitled to be indemnified for the loss. The...