Insurance services account for a major component of the tertiary sector of an economy. Hence, a vibrant insurance industry can substantially contribute in accelerating the growth rate of the economy. The various aspects of insurance industry include, inter alia, marketing strategies, product designing, product pricing, risk management and the use of information technology. This dictionary is designed to provide a useful, reliable and readable guide to insurers, researchers, analysts, policy makers and all those who are interested in the insurance industry. Both beginners and seasoned professionals will find it full of indispensable facts.
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