Insurance is the transfer of
risk from people & corporate institutions to professional risk carriers,
bearers – the insurance companies. Every one of us is exposed to one risk or
the other because life is full of risks and all these risks can be identified,
quantified and handled by insurance transfer mechanism. So when risks
materialise, they lead to financial losses, and if risks are not managed in a
scientific manner, it could ruin anybody, any business, any nation, and any
economy. That is why all over the world people have come to