IAAA meaning in Insurance ?

Answer: What is Insurance mean?

Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.

An entity which provides insurance is known as an insurer, an insurance company, an insurance carrier or an underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. Policyholder and insured are often used as but are not necessarily synonyms, as coverage can sometimes extend to additional insureds who did not buy the insurance. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms, and usually involves something in which the insured has an insurable interest established by ownership, possession, or pre-existing relationship.

The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insurer will compensate the insured, or their designated beneficiary or assignee. The amount of money charged by the insurer to the policyholder for the coverage set forth in the insurance policy is called the premium. If the insured experiences a loss which is potentially covered by the insurance policy, the insured submits a claim to the insurer for processing by a claims adjuster. A mandatory out-of-pocket expense required by an insurance policy before an insurer will pay a claim is called a deductible (or if required by a health insurance policy, a copayment). The insurer may hedge its own risk by taking out reinsurance, whereby another insurance company agrees to carry some of the risks, especially if the primary insurer deems the risk too large for it to carry.

reference

Full Form	Category
INROADS Atlanta Alumni Association	Academic & Science
Illinois Association for Advancement of Archaeology	Academic & Science
Inter- American Accounting Association	Accounts and Finance
I Am An Accountant	Business
Identification Authentication Authorization and Auditing	Business
Idaho Athletic Administrators Association	Community
International Assessment and Accreditation Alliance	Community
Ithaca Asian American Association	Community
International Association of Astronomical Artists	Community
Iowa Association of Adoption Agencies	Community
Imperial Aviation and Amplitude Authority	General
International Automotive Advertising Awards	General
International Automotive Appraisers Association	General
IFOAM Amenity Agriculture Alliance	General
Illinois Agricultural Auditing Association	General
International Aviation Academy of Australia	General
Illinois Agricultural Aviation Association	General
Incheon Airport Aviation Academy	General
Iowa Agricultural Aviation Association	General
Idaho Agricultural Aviation Association	General
Identification Authentication Authorisation and Accountability	General
Ideal Active Achievement Award	General
Institute of Artificial Art Amsterdam	Governmental
International Air Ambulance Alliance	Governmental
Insurance	Insurance
I'm Asian American and	International
International Academy of Aquatic Art	International
Institute of African American Affairs	Regional
Institute for African American Affairs	Regional