F2F Class Notes 23rd August (Raph)

Similarity (n): 1- a similar feature or aspect
E.g.: There are always some similarities between people from different countries.

Target (n): 1- a person, object, or place selected as the aim of an attack or of attention.
E.g.: Medium and large businesses are the main target market for our company.

Agencies (a-gen-seas)
Property (pro per-tee)
Trigger (tree-ger)

Insurance is a guarantee against financial loss. Insurance policies can be bought for all sorts of things. The most common kinds of insurance include life, health and property. For example, an insurance company will pay to repair or replace the property if it is damaged or stolen. How much a company will pay in the event of a claim depends on how much insurance the policyholder has bought. The amount may also depend on the conditions that led to the damage.
There are two main kinds of insurance companies. Insurance carriers provide insurance to individuals groups and businesses. Reinsurance companies help reduce the financial risk to carriers.  They are insurance companies for insurance companies . Carriers usually sell their policies through insurance agencies or brokers. Brokers bring together buyers and sellers. Larger businesses often use brokers when choosing products to insure their workers，property and interests against risk.