Corruption Perception Index

Friday, 8 July 2016


Term of the Day

coinsurance

  1. An insurance policy provision under which the insurer and the insuredshare costs incurred after the deductible is met, according to a specificformula.
  2. More generally, a sharing of risk between the insurer and the insuredalso called copay.
Learn more about this term
Usage Example
Insurance creates moral hazard, i.e. the insured may undertake risky actions knowing that somebody else is paying, but this can be reduced by acoinsurance arrangement whereby the insured is penalized financially for this behavior, resulting in a lower premium.

Post a Comment

ΨCSuiteMentor© ØMSME ⊕Startup ΘEnterpriseMentor ϖProBonoAdvisor βPolicy φPolitics ⊕Strategy ∅Thinker ϕArtist| Educator| |Advisor | Ex Censor | Excellence Assessor | Startup and C-Suite MentorEx MNC Director Startup and C-Suite Mentor

Popular Posts