Insured savers, half saved!
This video introduces the concepts necessary to understand what insurance is. From the legal point of view, as explained in our Glossary with over 1200 exercises: Redooc, insurance is a contract that allows the transfer of risk from one subject (the insured) to another (the insurer) against payment of a certain sum of money (the prize). In this way, a subject manages to manage the uncertainty of the future and to satisfy the need for security in which the origin of the insurance contract must be sought.
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