How Insurance Companies Make Money
Insurance is one of the most fascinating financial industries in the world — a business built on managing uncertainty, risk, …
Insurance Gurukul Articles
Insurance Gurukul, GOLN is a dedicated online knowledge platform designed to educate individuals about the fundamentals, policies, regulations, and best practices of the insurance industry. As an initiative of the Gurukul Online Learning Network (GOLN), it serves as a comprehensive resource for learners, professionals, and industry enthusiasts, offering insights into risk management, life and general insurance, underwriting, claims processing, and emerging trends. Through well-structured lessons, expert analyses, and interactive discussions, Insurance Gurukul aims to bridge the knowledge gap, enhance financial literacy, and promote a deeper understanding of the critical role insurance plays in personal and economic security.
The Role of Underwriting in Insurance
Insurance, as one of the world’s most sophisticated financial mechanisms, rests on a delicate equilibrium between risk and reward, prediction …
Key Terms in Insurance: Policy, Premium, Coverage, Deductible, etc.
Insurance – in its many forms – plays a central role in modern financial and risk-management practices. Yet for many …
History of Insurance
The history of insurance traces the evolution of the modern practice of protecting against risks — particularly in relation to …
Difference Between Life and Non-Life Insurance
Insurance, at its core, is the promise of protection — an economic mechanism that transforms uncertainty into financial security. It …
The Concept of Moral Hazard in Insurance
Insurance, in its broadest sense, is one of humanity’s most ingenious inventions — a mechanism through which risk is pooled, …
Understanding Risk: The Core Concept Behind Insurance
In the modern world, we often assume that insurance is simply a matter of paying a premium and receiving protection. …
How Insurance Premiums Are Calculated
Insurance, at its very essence, is a mechanism by which individuals, organisations, and societies convert uncertainty into stability. It is …
