INSURANCE TERMINOLOGY AND LEGAL CULTURES
Keywords:
Keywords: Optimal insurance design, ambiguity aversion, cross-cultural challenges, economic principles, societal dynamics, standardized practices, risk assessment.Abstract
This research conducts a thorough examination of insurance terminology,
covering economic foundations, practical applications, and challenges across cultures.
It investigates case studies, highlighting the interconnections of language, economics,
and societal dynamics in insurance contexts. Advocating for standardized practices, the
study provides valuable insights for professionals, policymakers, and scholars,
promoting fairness in global insurance practices.
References
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