Insurance
Definition of Insurance Hierarchical Category as it relates to Finance
Insurance is a financial product that mitigates risk and safeguards individuals and entities from potential losses or damages. It is a contractual agreement where an insurance company, in exchange for premiums, promises to provide compensation for specific potential future losses. Types of insurance include life, health, property, and auto among others. It is a critical component of personal finance planning.
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Child Hierarchical Categories
Asset Management
Auto Insurance
Bonds Market
Business Insurance
Capital Markets
Corporate Finance
Credit Management
Debt Management
Estate Planning
Financial Advisory
Financial Analysis
Financial Auditing
Financial Consulting
Financial Planning
Forex Market
Health Insurance
Home Insurance
Insurance Brokerage
Insurance Claims Management
Insurance Underwriting
Investment Banking
Liability Insurance
Life Insurance
Mortgage Finance
Personal Finance
Public Finance
Retirement Planning
Risk Management
Stock Market
Tax Planning
Travel Insurance
Wealth Management