Insurance

Insurance Law is a system for reducing financial loss by transferring the risk of loss from one person or entity to another (insurance). Insurance in Law No. 2 of 1992 concerning insurance business is an agreement between two or more parties, by which the insurer binds itself to the insured, by receiving insurance premiums, to provide compensation to the insured due to loss, damage or loss of expected profits or third party legal liability that the insured may suffer, arising from an uncertain event, or providing a payment based on the death or life of the insured person.

Companies generally have a goal of implementing risk management. The objectives to be achieved include: reducing expenses, preventing the company from failing, increasing company profits, reducing production costs and so on.

Risk management is a risk management process that includes identifying, evaluating and controlling risks that could threaten the continuity of the company's business or activities. Therefore, providing advice on insurance law to reduce risks in running the business sector and business continuity for both individuals and legal entities.