Tag: insurance

Insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer, or insurance carrier, is a company selling the insurance; the insured, or policyholder, is the person or entity buying the insurance policy. The amount to be charged for a certain amount of insurance coverage is called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.
The transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer’s promise to compensate (indemnify) the insured in the case of a financial (personal) loss. The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insured will be…

Tune Card Review

TuneMoney.com is the latest no-frills products and services offering insurance package as well as prepaid Visa card. I was interested in the prepaid Visa card (debit card) because that means…

Maybank Announces Retirement of President and CEO

Appointment of Dato’ Sri Abdul Wahid Omar As Successor Maybank Group wishes to announce the retirement of its President and Chief Executive Officer, Datuk Amirsham A. Aziz, aged 57, effective…

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