{
  "id": "insurance.financial",
  "term": "insurance",
  "sense": "financial",
  "pos": "noun",
  "status": "review",
  "level": 18,
  "arena": "emergence",
  "domain": "financial",
  "style": null,
  "definition": "an arrangement that provides assistance after economic loss occurs, maintained by regular payments",
  "folk_gloss": null,
  "emergence": {
    "components": [
      "security.safety",
      "help.assistance",
      "keep.maintenance",
      "loss.economic",
      "occurs.event",
      "pay.economic",
      "payment.economic",
      "regular.frequency",
      "arrangement.spatial",
      "economic.financial",
      "maintenance.upkeep",
      "provide.supply",
      "time.dimension"
    ],
    "interaction": "security.safety and help.assistance interact through regular payments to maintain support in response to economic loss",
    "novel_properties": [
      "ongoing financial protection",
      "structured risk pooling",
      "conditional resource transfer"
    ]
  },
  "examples": [
    {
      "text": "The National Flood Insurance Program paid $8.7 billion in claims after Hurricane Katrina inundated New Orleans in 2005.",
      "domain": "institutions"
    },
    {
      "text": "A farmer in India pays 2% of crop value annually to the Pradhan Mantri Fasal Varshmaan Yojana to cover monsoon failure.",
      "domain": "economics"
    },
    {
      "text": "After the 2011 Tōhoku earthquake, Tokyo Electric Power Company faced liabilities exceeding $15 billion, covered partly by nuclear liability pools.",
      "domain": "engineering"
    }
  ],
  "relations": [
    {
      "id": "security.safety",
      "note": "is-a",
      "type": "is-a"
    }
  ],
  "used_by": [],
  "forms": [
    "insurance",
    "insurances"
  ],
  "closed": false,
  "provenance": {
    "author": "openrouter:openai/gpt-oss-120b",
    "date": "2026-07-29",
    "confidence": 0.6,
    "reconciled": {
      "by": "openrouter:qwen/qwen3-235b-a22b-2507",
      "date": "2026-07-31",
      "changed": "components",
      "note": "Added missing constitutive concepts from definition: arrangement.spatial, economic.financial, maintenance.upkeep, provide.supply, time.dimension. Definition remained accurate and unchanged."
    }
  },
  "canonical": "https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-insurance.financial"
}