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Insureon’s journey began in 1997, when the company TechInsurance Group was founded as a way to give small technology firms a way to buy insurance online. [9] The company launched Insureon in 2011 as an Insurtech distributor and a fully online brokerage, offering small business insurance in more than 900 industries through its website.
"Fintech", a clipped compound of "financial technology", refers to the application of innovative technologies to products and services in the financial industry.This broad term encompasses a wide array of technological advancements in financial services, including mobile banking, online lending platforms, digital payment systems, robo-advisors, and blockchain-based applications such as ...
The majority of these deals have been in the digital payment sector and recently in alternative lending and InsurTech as well. Top investments include a PE investment of US$600 million in Pine Labs, and large VC funding rounds by BharatPe (US$395 million), Razorpay (US$375 million), and OfBusiness (US$325 million). [6]
Amicable Society for a Perpetual Assurance Office, established in 1706, was the first life insurance company in the world.. An early form of life insurance dates to Ancient Rome; "burial clubs" [3] covered the cost of members' funeral expenses and assisted survivors financially.
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury.
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Thesaurus Linguae Latinae. A modern english thesaurus. A thesaurus (pl.: thesauri or thesauruses), sometimes called a synonym dictionary or dictionary of synonyms, is a reference work which arranges words by their meanings (or in simpler terms, a book where one can find different words with similar meanings to other words), [1] [2] sometimes as a hierarchy of broader and narrower terms ...
Under this definition, decisions in microinsurance are made within each unit, (rather than far away, at the level of governments, companies, NGOs that offer support in operations, etc.). Insurance functions on the concept of risk pooling, and likewise, regardless of its small unit size and its activities at the level of single communities, so ...