Finance

Reinsurance plays a crucial role in the financial stability of insurance companies. By transferring a portion of risk to another insurer, companies can mitigate potential losses, stabilize their balance sheets, and continue offering coverage even after significant claims. The concept of reinsurance dates back centuries and has evolved into a sophisticated financial tool essential for risk management in modern insurance markets.

Death and taxes are the two certainties of life, and the government's primary source of funding is income tax. It is also one of the most convoluted financial matters since tax law is continuously evolving and the Internal Revenue Code is constantly expanding. This handbook demystifies major tax principles and makes them understandable for taxpayers and businesses alike.

Raison D’être of Risk Management

In order to understand the need for risk management it is necessary to look at the different building blocks of a holistic risk management. Figure 1.1 tries to decompose the risk management into its generic components. The overall aim is to manage the risks a company is facing.

Savings for some future event, at its most basic level, is the disciplined act is putting money in some vehicle that will give a return on one’s investment. It can be as simple as a savings passbook account or CD, or as complex as bonds, notes and mortgages. The more complex the vehicle, the more the return and risk vary.

The insurance of the civil responsibility of car-owners.

Insuring the civil responsibility of car-owners, underwriter undertakes to compensate damages to third persons that resulted from the insurer’s maintenance of the automobile. On the territory of RM this kind of insurance is obligatory.