Insurance， in law and economics， is a form of risk management primarily used to hedge against the risk of a contingent Insurance is defined as the equitable transfer of the risk of a loss， from one entity to another， in exchange for a premium， and can be thought of a guaranteed small loss to prevent a large， possibly devastating large An insurer is a company selling the The insurance rate is a factor used to determine the amount， called the premium， to be charged for a certain amount of insurance Risk management， the practice of appraising and controlling risk， has evolved as a discrete field of study and +&btnG=Google+Search&aq=f&oq=
