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Insurance Domain Basics

Insurance is a legal agreement between an insurance company and an insured person or business. The insured pays premiums to the insurer in exchange for financial protection against losses.

Some types of insurance include:

  • Life insurance
  • Health insurance
  • Education insurance
  • Home/property insurance
  • Motor/auto/vehicle insurance
  • Travel insurance



Insurance business case model:


High level architecture:



 


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