The Fundamentals of Insurance: Theories, Principles and Practices

by Hargovind Dayal

Insurance is perhaps the most effective device for managing ‘risk,’ which is a pervasive phenomenon in our lives. We can sometimes avoid or reduce it but never entirely eliminate it.

Whether you are a Graduate student who is studying insurance as a part of your curriculum, or an Executive managing your Organization’s Insurance and Risk Management Program this book will provide you with a strong conceptual foundation, comprehensive knowledge of non-life and life insurance products, and perspectives on how insurance functions as a part of the economy.

Essentially, you will understand ‘why’ it is needed, ‘what’ solutions it provides, and ‘how’ different business processes and professionals work together to deliver the vital compensation to victims of disasters.

Organized in 18 chapters that are comprehensive yet brief, it continuously relates facts to theories, concepts to processes, events to their context, and the rule-of-thumb to underlying basic principles. Thus, insurance will be demystified, and you will be empowered to decode ‘insurance speak.’

164 pages, Paperback

Published October 4, 2017

Reviews

[Arul Murugan · Rating 4 out of 5]

Good Book to understand the basics of insurance

Good Book to understand the basics of insurance and the author have explained in simple language for common people about insurance

[Ameer · Rating 3 out of 5]

As a person who has only ever skimmed their insurance policies I learned a lot. In particular this book is helpful for understanding all the terminology associated with insurance, as well as the claims process, and the common principles of insurance law. However a lot of things are about the Indian insurance ecosystem, which I skipped, and it is not identified or made clear throughout the book the scope/applicability of the content to a more global context, though the book is not marketed or labeled as applying specifically to audiences interested in India.