Insurance
government bonds.
Lloyd´s of London- the largest insurance market in the world. This is an assiciation of people
called underwriters.
Underwriters- people who guarantee to indemnify other people´s possible losses.
Lloyd´spreads (hajutavad) risks among a number of syndicates.
Syndicates- groups of wealthy individuals, commonly known as ´names´. These people can
earn a lot of money from insurance premiums if the clients never claim for compensatsion , but
they also have unlimited liability or responsibility for losses.
Liability- kohustus.
Reinsurance- company- this is a company that will recive some of premium and also bear or
take some of the risk. If insurance companies connsider that they have underwritten too many
risks, they can sell some of that risk to a reinsurance company.
Tax haven- maksuvaba ala (haven=port)
Mandatory, compulsory insrance- kohustuslik kindlustus
Voluntary, additional(lisa) insurance- vabatahtlik kindlustus
annaabi.ee 
