Pāhonoa te oro

Welcome to your insurance exam prep series. In this episode, we’re breaking down the core principles of insurance—the foundation everything else builds on. By the end of this lesson, you’ll understand: How insurance actually works The key concepts insurers use to manage risk And the definitions you’ll definitely see on your exam Let’s get into it. 🔹 1. What Is Insurance? At its core, insurance is the transfer of risk. Instead of one person taking a huge financial hit from a loss, that risk is