INSURANCE PRINCIPLE

GREETING INSURANCE,

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All insurance products are designed in accordance with the principles rests on the concept of economic loss. In order for a potential loss (loss that may occur) may be insured, it must have several properties, namely:

     - Losses must contain uncertainty.
     - Losses should be limited.
     - Loss must be significant (mean).
     - The ratio of the loss must be predictable.
     - Loss is not a disaster for the party.

The fifth basic principle is the basis of insurance business. Generally, the potential losses that do not bear the characteristics, deemed unfit to be insured, unless the existing deficiencies can be compensated for by other means.

GREETING INSURANCE.

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