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Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. Insurance is defined as the equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a premium and duty of care.

Principles of insurance


Losses must be uncertain.

The rate of losses must be relatively predictable: In order to set premiums (prices) insurers must be able to estimate them accurately. This is done using the Law of Large Numbers which states that: The larger the number of homogenous exposures considered, the more closely the losses reported will equal the underlying probability of loss. If the coverage is unique, the insured will pay a correspondingly higher premium. Lloyd's of London often accepts unique coverages. (e.g., the insuring of Tina Turner's legs and Jennifer Lopez's buttocks)

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Unemployed Facing End of Subsidy for Insurance Bought Through Cobra: Until this month, Rhonda Baumser, who is unemp... http://bit.ly/6ksOsx
property_insure (Rene Truffaud) Thu, 17 Dec 2009 09:18:29 -0000
Unemployed Facing End of Subsidy for Insurance Bought Through Cobra: Until this month, Rhonda Baumser, who is unemp... http://bit.ly/6ksOsx
Unemployed Facing End of Subsidy for Insurance Bought Through Cobra: Until this month, Rhonda Baumser, who is unemp... http://bit.ly/6ksOsx
mortgageprotect (Leanne Thomas) Thu, 17 Dec 2009 09:18:29 -0000
Unemployed Facing End of Subsidy for Insurance Bought Through Cobra: Until this month, Rhonda Baumser, who is unemp... http://bit.ly/6ksOsx
Michigan House Democrats OK auto insurance bills http://bit.ly/5DL7Vy
petecon2 (Pete) Thu, 17 Dec 2009 09:18:27 -0000
Michigan House Democrats OK auto insurance bills http://bit.ly/5DL7Vy
RT @beccacoldicott: interesting seasonal viral for insurance services provider swiftcover @getalife2010 http://www.swiftcover.com/xmas/
swiftcover (Swiftcover) Thu, 17 Dec 2009 09:18:25 -0000
RT @beccacoldicott: interesting seasonal viral for insurance services provider swiftcover @getalife2010 http://www.swiftcover.com/xmas/
RT @beccacoldicott: interesting seasonal viral for insurance services provider swiftcover @getalife2010 http://www.swiftcover.com/xmas/
brazilpr (brazilpr) Thu, 17 Dec 2009 09:18:23 -0000
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RT @beccacoldicott: interesting seasonal viral for insurance services provider swiftcover @getalife2010 http://www.swiftcover.com/xmas/
getalife2010 (Get A Life!) Thu, 17 Dec 2009 09:18:23 -0000
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Associates, Inc. (FARA) - United States provider of software and services for property and casualty insurers, claims administration, healthcare management, and workmen's compensation.
Meta Description: [ Risk management, property and casualty, workers' compensation ]

Marketing, Inc. (IDMI) - Developer of Policy Tracking System, an internet-based policy administration system. Provides product information, screenshots, and demonstration. [site may not function in all modern browsers]
Meta Description: [ IDM is an Internet ready management and administrative system for the insurance industry. As an insurance agency carrier database it is used for policy account maintenance, claims rating and management.,Insurance Policy Tracking System, Administration, Claim Management Reporting Software ]

AMS Services, Inc. - Automation solutions including rating, quoting, and forms for independent property and casualty insurance agencies and carriers.
Meta Description: [ AMS Services is the leading provider of specialized software, services and information for the insurance industry. We deliver solutions to facilitate independent agent productivity and carrier/agent connectivity. ]

Apex Data Systems - An administrative and claims adjudication software for life, health, dental and disability insurance, providing the full service and support capabilities of a software house and systems builder.

Applied Systems, Inc. - Producer of automation software for independent insurance agents, brokers, and carriers. Flagship products are The Agency Manager and the Diamond System.
Meta Description: [ The Leader in Insurance Automation. ]

Apropos Business Solutions, Inc. - Provides Microsoft Windows based software to manage a premium finance business. It includes complete operational functionality along with an agent's quote module.
Meta Description: [ Apropos provides quality software for the insurance premium finance which is easy for beginners, powerful for the pros. ]

ATENA Usługi Informatyczne i Finansowe Sp. z o.o. - Offers software for insurers, brokers, and agencies. Life and property/casualty sectors are supported, as well as IT services for the financial industry. [Polish, English]

C Insurance Systems - ASP provider of insurance services including policy and claims administration, workers' compensation, and surety bonds.

Camilion Solutions, Inc. - A provider of enterprise product management (EPM) solutions. The Insurance Innovator suite of software offers a visual way for insurers to plan and retarget new products using technologies such as J2EE, XML, and ACORD.

Classic Solutions - Makers of MoSes financial modeling software for actuaries, risk managers and others doing financial projections. Offers product information.

Computer Sciences Corporation Financial Services - Provides specialized application software for global financial services industries. Insurance products support life and annuities, property and casualty, reinsurance, risk management, and claims.

500 Comtec - An information technology services and solutions provider. Key product is Total Insurance System with claims and customer management, and automated underwriting. [site may not function in all modern browsers]
Meta Description: [ Comtec - Insurance Software Solutions. ]

Cover-All Technologies Inc. - Holding company with subsidiary which provides software products for property/casualty and health care insurance industries. (Nasdaq: COVR).

Eagle Technology Management, Inc. (EagleTM) - Software system for management, preparation, filing and reuse of annual and quarterly statements data.

eBao Technology Company, Ltd. - Provides Java-based software and solutions to both life and non-life insurance companies, brokers, agents, and related service providers.

Effisoft - Providers of risk management, compliance, and reinsurance software for insurers, re-insurers, and brokers. Site provides product information. [English, French]
Meta Description: [ Effisoft est éditeur de logiciels pour l'assurance, la réassurance et le risk management ]

Fair Isaac Corporation: Insurance - Developers of insurance automation software. Site describes products for underwriting, claims management, bill review, and portfolio risk management.
Meta Description: [ Risk Assessment - Fair Isaac is a leading provider of risk assessment software, helping increase your risk assessment accuracy. Fair Isaac products and solutions for the insurance industry. ]

Financial Software Innovations, Inc. - Markets annual and quarterly statement software for the insurance industry.
Meta Description: [ Financial Software Innovations, Inc. designs, produces and markets Annual and Quarterly Statement Software for the insurance industry to assist in the filings required by the National Association of Insurance Commissioners (NAIC). ]

Fineos Corp. - Provides software solutions for the insurance and banking industries. Major packages include Insure, Life, and Pensions.
Meta Description: [ With cross-enterprise solutions from FINEOS, banks and insurance companies have a single, consolidated view of customers, giving them the edge to deliver superior service. ]

FirstApex - Offers software products and IT services for the insurance industry. Products support life, property and casualty, group, and re-insurance. International firm has several offices in Asia and Europe. [English, Japanese]

Harlosh Ltd - Developers of life and general insurance solutions for the dynamic marketplace. E-business, claims handling, reinsurance and policy administration. [site may not work with all browsers]
Meta Description: [ Harlosh develop innovative software applications for the insurance industry. Specialising in General Insurance, our InsuranceFaces range of browser based modules provides solutions for all lines of business. ]

IE-Engine, Inc. - Provides application which automates the administration and evaluation of employee health and benefits vendors.

iMantras Pty Limited - Implements and consults on their signature product, Embre, which is for the end-to-end needs of reinsurance brokers worldwide. The Australian company also provides general consulting services.
Meta Description: [ A leader in the use of information technology to achieve strategic business results in the insurance and reinsurance industry, iMantras prides itself on forging trusted relationships with our clients. We implement and consult on our own products,EMBRE Claims, EMBRE Outwards, EMBRE Broking,EMB... ]

InsFocus, Ltd. - Offers a business intelligence and executive information system for insurance companies. The system turns raw data in the company's disparate information islands into meaningful business information.

Intelligent Information Systems (IIS) - Works with the information technology organizations of insurance and insurance-related companies to achieve enhanced IT infrastructure and applications.
Meta Description: [ IIS delivers bottom-line business results to our customers through the design, implementation, and support of functionally rich and technically advanced enterprise application systems. ]

IQUO Limited - Provides quoting application software to UK insurance industry, as well as web hosting and web monitoring services.

Marlborough Stirling plc - A provider of distribution and administration solutions for financial services. Includes products for life, pensions, mortgages, intermediaries, and general insurance. Company also offers consulting and training.

Millbrook Incorporated - Offers information solutions for the property and casualty industry targeted for underwriting, claims, marketing, actuarial, and accounting.
Meta Description: [ Information solutions for the insurance industry targeted for Underwriting, Claims, Marketing, Actuarial, and Accounting. ]

Policy Works - Software to survey, market, propose, bind, and issue insurance policies. Provides product information, evaluation version and support.
Meta Description: [ Policy Works® is a Windows-based commercial policy processing system that has enjoyed success in the offices of both insurance companies and brokers. ]

Prelude Software, Inc. - Producers of payment processing software designed for the insurance industry.
Meta Description: [ Prelude Software is a leading provider of payment management technology. Our solutions are designed to work seamlessly with whatever internal systems a client might have to simplify payment processes and to deliver greater productivity, tighter security, and significant cost savings. ]

Quomation Insurance Services - Offers comparative rating, agency management, and ACORD forms software. Also designs and hosts insurance agency websites.

RES Data Systems, Inc. (RES) - Workers' compensation and auto insurance medical bill review and repricing software and services in Pennsylvania, New York and New Jersey, USA.
Meta Description: [ Workers Compensation & auto insurance medical bill review & repricing software & services in Pennsylvania, New York & New Jersey. We provide software systems, bill repricing & consulting services. ]

Riverwood Solutions, Inc. - Builds enterprise software solutions for employee benefits providers which enable web access to core business processes such as enrollment, eligibility maintenance, renewal rating, and underwriting. Also offers consulting services.
Meta Description: [ Leading provider of integrated web-based sales and service automation solutions to the insurance industry. ConnectureÂ’s InsureConnect product suite provide for the seamless management of all direct and indirect sales channels. Its integrated yet modular series of multi-channel sales automation... ]

SeaPass Solutions, Inc. - INSQ service enables insurance agents, brokers, wholesalers, and carriers to seamlessly connect their systems, obtain billing or claims information, or submit quotes or endorsements.

Specific Software Solutions, LLC - Provides analytical products for worker's compensation modification factor, net present value of loss financing, and property and casualty loss forecasting.
Meta Description: [ Specific Software and SIGMA are a leading source for software tools and actuarial services for insurance and risk management. With ModMaster, Loss Forecaster and NPVision software, they are the first choice for your analytical software and actuarial needs. ]

StoneEagle Group - Offers custom software for AS/400 systems and e-business solutions to insurance companies, third party administrators, banks, credit unions, and automobile dealers.
Meta Description: [ Financial Services, Charge-Back Indemnity Administration, F&I Penetration Reporting, Insurance Data Extraction, Service Contract Validation, Quoting, Claim Submission via the Web by stoneeagle.com ]

Trover Solutions, Inc. - Offers recovery solutions to healthcare payers and property and casualty insurers. The company also sells web-enabled recovery software.
Meta Description: [ Trover Solutions is the leading provider of recovery services: healthcare and health care subrogation, P&C subrogation, property and casualty subrogation, overpayments, overpayment reimbursement, coordination of benefits, COB, provider bill audit, hospital bill audits, DRG validation, DRG post-pa... ]

Troveris - Provides proprietary software and consulting services to assist with claims recoveries in the internal subrogation departments of insurance companies.
Meta Description: [ Troveris is a subrogation recovery and data mining software application for health care payors, healthcare payors and property and casualty insurers. We offer consultative services to enable clients to develop superior internal subrogation programs. Troveris has built-in security, utilizing a D... ]

United Systems and Software Inc. (USSI) - Offers systems including insurance administration, document imaging, and e-business solutions for individual life, health, group life/health, and workers comp. Designed to run on IBM eServer ISeries/400 servers.
Meta Description: [ Insurance software, claim processing software, insurance billing software, workers compensation administration and life insurance. iseries software for insurance companies and TPAs from United Systems and Software. ]

Universal Conversion Technologies - Offers data conversion software and services for the insurance industry.
Meta Description: [ Software and services for data conversion in the financial services industry ]

Vulcan Solutions - Developers of customer relationship management software for insurers and financial institutions. Offers product information.
Meta Description: [ Vulcan Solutions provides software solutions for the Financial Services sector. ]

Westbourne International - Product information on the PrimeRater comparative rating software and the Clarisma suite for online insurance sales and service.

XyberNet, Inc. - Provides information and data warehouse solutions. A key insurance product is Xycor, a modularized administration system for single or modal premium, and maintenance of benefits concerning coverages and claims.
Meta Description: [ Software Developers for Credit Insurance and Financial Industries, GAP, Debt Protection, Business Intelligence, Data Warehousing, Extended Service Contracts, Award Winning Software Products, Solutions, Services ]

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