Risk Management [Insurance]

Is it insurance?
Insurance can be defined according to the perspective from which you
saw an economic standpoint, law, business, or social interests. That is, there is no definition that can serve the interests of various parties perfectly. Insurance is an agreement between two parties of two or more parties by which the insurer to the insured improve, to receive insurance premium to provide reimbursement to the insured for loss, damage, or loss of expected benefits, or legal liability to third parties which may be suffered insured arising from a payment based on death or life of an insured.
       The explanation is quite long, but it is more simple insurance can be defined as a form of agreement / contract for the transfer of risk for loss of life or property in the form of economic risk and then was taken over by someone or another company, in this case the insurance company

benefits of Insurance
There are eight benefits if we become participants of insurance, are as follows. 

1. Providing security and protection
   Providing security and protection of an insurance policy means the insured will be protected from the possibility of losses arising in the future and be quiet soul because the insured object is guaranteed by the insurer
2. The distribution of costs and benefits of a more equitable
   The distribution of costs and benefits of a more equitable means the greater the risk the risk of loss arising greater coverage premiums
3.  provide certainty
   Provide certainty means a major benefit insurance because insurance is basically trying to reduce the uncertain consequences of an adverse condition (peril) that has been previously estimated that the cost or the financial consequences and the loss is to be defined or relatively sure
4.  means Savings
   Means Saving money means the insured has a cash value that can be taken for certain types of insurance such as whole life or endowment. Fact there are insurance products that are deliberately combined with investment 
5.  Instrument of transfer and spread risk
   Instrument of transfer and spread risk through insurance means that may arise and spread the risk of loss to the insurer.
6. Help improve operations insured
   Helps to increase business activity means the insured that the insured will invest (insured businesses) can be covered by insurance to reduce the risk
7.  Make life quieter
   Means to make life quieter for all risks that can be insured has no bearing then life would be more peaceful and full of spirit
8. credit guarantee
   Credit guarantee insurance policy meant to be used as loan collateral (insurance servers as a basis of credit) is usually only for life insurance and is very selective in the types of loans and certain bank.