For most people, insurance is the most practical method for handling risk. Insurance is an option that many people use to reduce the risk of harm to the individual, family, or a business / company. Usually the general insurance we encounter in society stratified by coverage characteristics: unification loss, unexpected loss payments, risk transfer and indemnification.

Here is a definition and the definition of insurance:

Insurance is one way for businesses to reduce the risk of loss that may occur in a business transaction. Insurance will help to reimburse losses suffered that loss suffered by businesses would be minimized

Insurance is an agreement between two or more parties by which the insurer committed themselves to the insured to receive insurance premium to provide reimbursement to the insured

Insurance is an agreement between two or more parties; here the insurer to bind themselves to the insured, by accepting the insurance premiums to provide reimbursement to the insured for loss, damage, or loss of expected benefits, or legal liability to third parties which may be suffered by the insured, arising from the events be an uncertain, or to provide a payment based on the death or life of an insured

Insurance is a social tool to accumulate funds to address capital losses are not necessarily and implemented through the transfer of risk from many individuals to a person or group of people.