Study of Insurance

The study of insurance involves understanding how individuals and businesses manage risk through financial protection. When you purchase insurance, you pay a premium to a company, which in turn agrees to cover certain losses or damages that may occur, like accidents, theft, or health issues. This collective approach helps spread the financial burden among many people, making it easier to recover from unexpected events. By analyzing trends, statistics, and policies, professionals in the field aim to improve coverage options, ensure fair pricing, and enhance the overall stability of the insurance market.