# insurance (financial)

an arrangement that provides assistance after economic loss occurs, maintained by regular payments

- Computed level: L18 (depth in the emergence graph, not abstraction)
- Status: review  ·  Domain: financial  ·  Arena: emergence

## Emergence
**Emerges from:** [security](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-security.safety), [help](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-help.assistance), [keep](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-keep.maintenance), [loss](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-loss.economic), [occurs](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-occurs.event), [pay](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-pay.economic), [payment](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-payment.economic), [regular](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-regular.frequency), [arrangement](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-arrangement.spatial), [economic](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-economic.financial), [maintenance](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-maintenance.upkeep), [provide](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-provide.supply), [time](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-time.dimension)

**Through:** 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
- 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)*

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*Canonical: https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-insurance.financial*  
*Structured data: https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-insurance.financial.json*  
*Every definition provably resolves to space, time, energy and pattern.*