vakuutamine
Vakuutamine is the Estonian term for the practice and system of insurance. It refers to a contract-based arrangement in which individuals or organizations transfer risk to an insurer in exchange for premiums. By pooling premiums from many policyholders, insurers fund compensation for defined losses and may also provide risk management services.
Insurance covers a range of areas, including life, health, property and casualty, motor vehicles, liability, travel,
Key concepts in vakuutamine include insurable interest, risk assessment and underwriting, premium pricing, indemnity, and moral
Regulation of insurance markets combines national supervision with EU-wide rules in many jurisdictions. In Estonia and
Recent developments in vakuutamine include insurtech innovations, digital underwriting, dynamic pricing, and new products such as