Warsaw, Poland

Risk and Property Insurance

Ryzyko i ubezpieczenia majątkowe

Table of contents

Risk and Property Insurance at Kozminski University

Language: Polish Studies in Polish
Subject area: economy and administration
University website: www.kozminski.edu.pl/en/

Definitions and quotes

Insurance
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
Property
Property, in the abstract, is what belongs to or with something, whether as an attribute or as a component of said thing. In the context of this article, it is one or more components (rather than attributes), whether physical or incorporeal, of a person's estate; or so belonging to, as in being owned by, a person or jointly a group of people or a legal entity like a corporation or even a society. Depending on the nature of the property, an owner of property has the right to consume, alter, share, redefine, rent, mortgage, pawn, sell, exchange, transfer, give away or destroy it, or to exclude others from doing these things, as well as to perhaps abandon it; whereas regardless of the nature of the property, the owner thereof has the right to properly use it (as a durable, mean or factor, or whatever), or at the very least exclusively keep it.
Insurance
In banking or insurance trust is the only thing you have to sell.
Patrick Dixon, Futurewise (1998).
Property
Things of the senses are real if considered as perceptible things, but unreal if considered as goods.
Simone Weil, Gravity and Grace (1972), p. 45.
Insurance
Most of us understand that innovation is enormously important. It's the only insurance against irrelevance. It's the only guarantee of long-term customer loyalty. It's the only strategy for out-performing a dismal economy.
Gary Hamel in:Gary Hamel On Innovating Innovation, Forbes, 4 December 2012.

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