insurance

Meanings

• noun

  A contract, represented by a policy, in which an individual or entity receives financial protection against risks, such as loss or damage, in exchange for a premium.

  - "He bought insurance for his car."
  - "The company offers various types of insurance policies."

• noun

  The practice or business of assessing and accepting guarantees of compensation against loss or damage.

  - "She works in the insurance industry."
  - "The insurance company paid out a large claim."

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Pronunciation

1. /ɪn.ˈʃɝ.əns/
   
   
   
   Source: "https://commons.wikimedia.org/w/index.php?curid=862232"

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Rhymes

Words rhyming with insurance
insurance , adventure , endurance , diversion , allure , adverse , inverse , perverse , improper , averse

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Variants

List of all variants of insurance that leads to same result
insurance , insurances , insurance adjuster , insurance agent , insurance broker , insurance policy , accident insurance , accident insurances , health insurance , health insurances , life insurance , life insurances , property damage insurance , property damage insurances

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Etymology

origin and the way in which meanings have changed throughout history.

The word 'insurance' comes from the Old French 'ensurancer', meaning 'to make secure'. It evolved from the concept of 'mutual insurance' where individuals banded together to share the risk and cost of potential losses.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The first known insurance contract was signed in 2000 BC in Egypt.

2. The largest insurance loss in history was caused by a hailstorm in Texas in 1994, costing over $2.3 billion.

3. The term 'insurance' first appeared in English in the 14th century.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Risk Management: Insurance is a crucial component of risk management, helping individuals and organizations mitigate potential losses.

2. Underwriting: Underwriting is the process of assessing the risk and determining the premium for an insurance policy.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Insurance has been a significant part of human civilization for centuries, with evidence dating back to ancient civilizations. In literature, insurance is often used as a metaphor for protection or security. In art, there are numerous depictions of insurance policies and the insurance industry. In music, there are songs about insurance and the role it plays in people's lives.

How to Memorize "insurance"

1. visualize
   

   - Imagine a safety net that catches you when you fall.
   - Visualize a contract that promises financial protection against potential losses.

2. associate
   

   - Associate the word 'insurance' with the feeling of security and protection.
   - Link the word 'insurance' with the concept of risk and potential losses.

3. mnemonics
   

   - Use the acronym 'RISE' to remember the definition of insurance: Risk, Insurance, Security, and Exchange.

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The best and recommended way to memorize insurance is, by using Dictozo. Just save the word in Dictozo extension and let the app handle the rest. It enhances the memorization process in two ways:

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