Automotive

Usage-based car insurance can improve driver safety

Drivers whose car insurance rates are based on data of their driving habits and who then also got tips about improving them were less likely to speed, brake hard, or rapidly accelerate than those who didn't participate in ...

Security

Paris kidnap bid highlights crypto data security risks

New regulations threaten the security of the personal data of cryptocurrency users and may expose them to "physical danger," the platform at the center of last week's Paris kidnapping attempt has claimed.

Engineering

Dynamic cables—the umbilical cord of ocean installations

Imagine that the wires to your house not only have to withstand high electrical current flow, weather and wind, but also salt water, ocean currents, temperature changes and large movements. This is the big challenge in connecting ...

Machine learning & AI

AIs flunk language test that takes grammar out of the equation

Generative AI systems like large language models and text-to-image generators can pass rigorous exams that are required of anyone seeking to become a doctor or a lawyer. They can perform better than most people in Mathematical ...

page 1 from 12

Insurance

Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. 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 as a guaranteed small loss to prevent a large, possibly devastating loss. An insurer is a company selling the insurance; an insured or policyholder is the person or entity buying the insurance. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.

This text uses material from Wikipedia, licensed under CC BY-SA