Hippo Insurance is based in Johannesburg South Africa. The company deals with different products and services from various insurance companies within the country. What Hippo Insurance does is to stock all what is offered by other insurers and put them together for a person to compare and choose the best product that is suitable or that is the best among the placed. Hippo Insurance has been working with the top and the famous insurers such as the DialDirect, auto general, budget insurance and so forth.Business Training in Kenya has more articles.
For organizations, risk management is not about being ‘risk averse’. Risk management majorly is not aimed at avoiding risks. Risk management focuses on identifying, evaluating, controlling and “mastering” risks. Risk management can also mean taking advantage of opportunities and taking risks based on an informed decision and analysis of the outcomes. Business Training in Kenya has more information.
Risk management can be defined as the identification, measurement, analysis and control of those risks that can cause losses to an enterprise. In the ideal situation, risk management involves a prioritization process whereby risks are handled in a descending order, beginning with those risks which could cause the biggest loss and has the highest chance of occurrence being handled first, and those with least loss and the lowest chance of occurrence handled last.
The purpose of risk management is to eliminate or reduce as much as possible, the losses resulting from a particular risk. The strategies used includes transferring the risk to another party, avoiding the risk, reducing the negative effect of the risk, and accepting some or all of the consequences of a particular risk.
Risk management is broader than insurance in that it deals with both insurable and uninsurable risks as well as other appropriate non- insurance techniques of dealing with both types of risk. Risk management therefore also involves techniques other than insurance.
Benefits of Risk Management
The main objective of learning Computer Science in Kenya is to understand the basic operations of a computer, to be able to operate a computer using basic and advanced DOS commands, prepare and present a document using a word processor, prepare and present a spreadsheet and learn how to use an application package alone. Read more in Business Training in Kenya
System Software in Computer Science in Kenya
These are general programs written for the system, which provide the environment to facilitate writing of application software in Computer Science in Kenya. They include: -
- Compiler – for Computer Science in Kenya, it is a translator system program used to facilitate a high-level language program into a machine language program.
- Assembler – for Computer Science in Kenya, it is another translator system program used to translate an assembly language program into machine language program.
- Interpreter – for Computer Science in Kenya, it is also a translator program used to translate a high-level language program into a machine language program but it translates and executes line by line.
- Loader – for Computer Science in Kenya, it is a system program used to store the machine language program into the memory of the computer.
The Principle of Contribution was developed under common law to deal with the sharing of the cost of liability where two or more persons are jointly liable to another for the same loss.
In the context of insurance practice, contribution can be defined as the right of an insurer to call upon others who are similarly but not necessarily equally liable to the same insured for his loss to share the cost of indemnity. Business Training in Kenya has more information.
Rules Governing The Principle of Contribution in Insurance
There must exist two or more policies of indemnity. This means that the insurances covering the property or the subject matter must be contracts of indemnity. Contribution does not apply to contracts of life assurance and permanent health assurance which are clearly not contracts of indemnity.
Each of the policies must be insuring the same subject matter of insurance which was lost or damaged. The property which has been affected by the loss must be common to all policies. The extent of amount of property need not necessarily be the same, for instance it may be only one item which is lost which is covered by both policies which also cover other property. One policy could be covering buildings and stock while the other is more specific to stock only. Any loss on stock would be addressed by both policies for purposes of contribution.
Each policy must insure the peril that has operated to cause the loss. Again the range of perils covered by each policy needs not to be the same. One policy could be insuring several perils whilst the other covers only one which however common to both policies and which causes the loss.