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AXAHF - Coronavirus Produces Significant Political Risk For Insurers
Axa
The basics of insurance
Sure, we all know this, but for those at the back of the class, here are the basics. Insurance is the idea of pooling risks so that any individual who suffers the unlikely can be either paid for or compensated out of the premiums of the rest of us. When this is done commercially, the insurance company is collecting the premiums and setting the rates but that is what is being done. Tens of thousands of us pay in premiums so that the individual whose house burns down, or gets that