Insurance, Risk Management, Lloyd's of London, Aon, Munich Re, Allstate, State Farm, Actuarial Science, Insurance Regulation, National Association of Insurance Commissioners (NAIC), Health Insurance Portability and Accountability Act (HIPAA), Property and

Insurance is a financial arrangement where individuals or businesses pay premiums to protect against potential losses. Risk management involves identifying and reducing risks to minimize financial impact. Lloyd's of London is a marketplace for specialized insurance, while Aon, Munich Re, Allstate, and State Farm are companies providing various insurance products. Actuarial science uses math to assess risk and determine fair premium rates. Insurance regulation ensures companies operate fairly; the NAIC coordinates this in the U.S. The HIPAA law protects health information privacy. Property insurance covers damage to physical assets like homes or cars.