insurance · financial
an arrangement that provides assistance after economic loss occurs, maintained by regular payments
Examples
- The National Flood Insurance Program paid $8.7 billion in claims after Hurricane Katrina inundated New Orleans in 2005. institutions
- A farmer in India pays 2% of crop value annually to the Pradhan Mantri Fasal Varshmaan Yojana to cover monsoon failure. economics
- After the 2011 Tōhoku earthquake, Tokyo Electric Power Company faced liabilities exceeding $15 billion, covered partly by nuclear liability pools. engineering
Emergence
from: security help keep loss occurs pay payment regular arrangement economic maintenance provide time
through: security.safety and help.assistance interact through regular payments to maintain support in response to economic loss
- ongoing financial protection
- structured risk pooling
- conditional resource transfer
Chain to foundations
- insuranceL18
- securityL6
- boundaryL2
- persistL1
- insideL5
- othersL2
- spaceL0 (shown above)
- timeL0 (shown above)
- patternL0 (shown above)
- differenceL1 (shown above)
- conditionL3
- helpL5
- interactionL2
- differenceL1 (shown above)
- keepL5
- lossL2
- changeL1 (shown above)
- differenceL1 (shown above)
- occursL2
- payL16
- resourceL15
- parameterL4
- windowL7
- boundaryL2 (shown above)
- driftL11
- parameterL4 (shown above)
- changeL1 (shown above)
- goL3
- makeL4 (shown above)
- nothingL10
- noneL9
- differenceL1 (shown above)
- amountL8
- offL2
- spaceL0 (shown above)
- differenceL1 (shown above)
- noneL9
- wayL9
- maintenanceL14
- matterL1 (shown above)
- differenceL1 (shown above)
- systemL5
- setsL3 (shown above)
- partL1 (shown above)
- structureL2 (shown above)
- interactionL2 (shown above)
- substanceL12
- fallL3
- productsL3
- workL3 (shown above)
- giveL7
- returnL14
- resourceL15
- paymentL17
- moneyL16
- resourceL15 (shown above)
- propertyL3
- stateL2 (shown above)
- differenceL1 (shown above)
- workL3 (shown above)
- priceL8
- interactionL2 (shown above)
- differenceL1 (shown above)
- giveL7 (shown above)
- requiredL6
- peopleL6
- othersL2 (shown above)
- setsL3 (shown above)
- persistL1 (shown above)
- distinctL3 (shown above)
- entitiesL4
- interactingL4
- interactionL2 (shown above)
- touchL3 (shown above)
- groupsL5
- timeL0 (shown above)
- moneyL16
- regularL1
- arrangementL3 (shown above)
- economicL17
- maintenanceL14 (shown above)
- provideL8
- timeL0 (shown above)
- securityL6
Neighborhood
Concepts that depend on this one above; what it is built from below.
Relations
| is-a | security.safety | is-a |