Insurance - Roles of Insurance as a Risk Management Strategy

Insurance - Roles of insurance as a risk management strategy. This video discusses the roles of insurance as a risk management strategy, with a practical case study. In this video, you will understand the meaning of insurance and functions of insurance, how insurance works, features of insurable risks, how insurers cope with adverse selection, differences between ‘traditional insurance contracts’ and ‘loss-sensitive insurance contracts’, and the roles of insurance in risk management.