Security Insurance and Best Practices
Selahattin Kuru, Onur Ihsan Arsun, and Mustafa Yildiz, Isik University, Turkey
Insurance is a common tool for risk transfer. Individuals and organizations use this tool to transfer the risk of potential losses to another party, namely an insurance company. However, individuals and organizations have different motivations for purchasing insurance. In one classic example, a ship owner insures a ship and receives payment if the ship is damaged or destroyed. This example is one of the earliest uses of ...