صوت مشترک

This chapter explains the basic ideas and important terms used in property and casualty insurance. These concepts help us understand how insurance works and how risks are managed. First, we learned about the general principles of insurance. One important idea is the Law of Large Numbers. This means that when many people are insured, it becomes easier to predict how many losses will happen. Another key concept is insurable interest, which means a person must have a valid reason—such as financial