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Difference between Insurance and Assurance

September 7, 2021 by Insurance Literature
InsuranceVsAssurance

Insurance is a risk pooling, transfer and share mechanism by which losses of few is shared among many. It is a pretty old concept dated back to 4000-3000 BCE in form of bottomry contracts used by merchants of Babylon. From that time till this date the sector has seen major shift in developments in terms … Read more

Categories Insurance Knowledge Centre Tags #Assurance, #Insurance

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