Link- Medium article

Objective:

Introduce the fundamentals of insurance, explaining the concept of risk and how insurance functions for both policyholders and firms.

Core Argument:

Insurance exists to manage uncertain negative outcomes by pooling risk across many policyholders, and understanding it requires grasping both the mathematical and practical mechanics.

Analytical Lens:

• Risk definition and quantification
• Policyholder and firm perspective
• Institutional/regulatory framework in Kenya

Key Insights:

• Risk is the central concept underpinning all insurance.
• Premiums are determined by exposure and risk characteristics.
• Insurers rely on large pools to ensure sustainability.
• Regulation (e.g., IRA) is key to maintaining market stability.

Skills Demonstrated:

• Simplifying technical concepts. (risk pooling, premium calculation and system sustainability)

• Risk communication

• Structured analytical writing