Ratio Analysis Of Pharma Companies

Essay specific features

 

Issue:

Book Reports

 

Written by:

Gene M

 

Date added:

May 1, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

29 / 7974

 

Was viewed:

165 times

 

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Essay content:

Premium is collected by insurance companies which also act as trustee to the pool. Any loss to the insured in case of happening of an uncertain event is paid out of this pool. Insurance works on the basic principle of risk-sharing. A great advantage of insurance is that it spreads the risk of a few people over a large group of people exposed to risk of similar type...
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In case a person actually suffers a loss on account of such risk, he is compensated out of the same pool of funds. Contribution to the pool is made by a group of people sharing common risks and collected by the insurance companies in the form of premiums. Lets take some examples to understand how insurance actually works: |Example 1 |Example 2 | |SUPPOSE |SUPPOSE | |Houses in a village = 1000 |Number of Persons = 5000 | |Value of 1 House = Rs...
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