insurance against risks that arises

D.H. Margee defines insurance as “a plan by which large number of people associate themselves and transfer to the shoulders of all, oisks that attack to individuals.” The collective bearing of risk in insurance.
Bank fell define insurance on “source of distribution of last of few people into many people.”
Mac gill define insurance on “a process in which uncertainties are made certain.”
Marine insurance -:
It is the insurance against risks that arises out of the damage while traveling or transporting cargo over the sea. It cover a number of important subject matter. This is insurance, which provides protection against marine risks. Marine risks are collision of ship against rocks, other ship attack by enemies, fire hijack & capture by pirates. It covers cargo, hall & freight insurance.
Types of insurance
Life insurance Driahon insurance Motor insurance Employers liability insurance Fidelityguarantee Five insurance Marin insurance