Understanding the Principles of Insurance 3816762268780510832-blid-4390530422330965922

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The concept of insurance has been around for centuries, dating back to the times of both the Chinese and the Babylonians. It is both an art and a science, a delicate balance of assigning and classifying risk, while managing the steady flow of capital to hedge that risk. The guiding Principles of insurance have been set in place through the years as a bulwark made to help bring understanding and accountability to the often confusing world of insurance.