Insurable and Non-Insurable Risks

When we talk of insurance, we are referring to risks in all forms. Hence, having for an insurance policy is just a way of sharing our risks with other people with similar risks.

However, while some risks can be insured (i.e. insurable risks), some cannot be insured according to their nature (i.e. non-insurable risks).

Insurable Risks

Insurable risks are the type of risks in which the insurer makes provision for or insures against because it is possible to collect, calculate and estimate the likely future losses. Insurable risks have previous statistics which are used as a basis for estimating the premium. It holds out the prospect of loss but not gain. The risks can be forecast and measured e.g. motor insurance, marine insurance, life insurance etc.

This type of risk is the one in which the chance of occurrence can be deduced, from the available information on the frequency of similar past occurrence. Examples of what an insurable risk is as explained:

Example1: The probability (or chance) that a certain vehicle will be involved in an accident in year 2011 (out of the total vehicle insured that year 2011) can be determined from the number of vehicles that were involved in accidents in each of some previous years (out of the total vehicle insured those years).

Example2: The probability (or chance) that a man (or woman) of a certain age will die in the ensuring year can be estimated by the fraction of people of that age that died in each of some previous years.

Non-insurable Risks

Non-insurable risks are type of risks which the insurer is not ready to insure against simply because the likely future losses cannot be estimated and calculated. It holds the prospect of gain as well as loss. The risk cannot be forecast and measured.

Example1: The chance that the demand for a commodity will fall next year due to a change in consumers’ taste will be difficult to estimate as previous statistics needed for it may not be available.

Example 2: The chance that a present production technique will become obsolete or out-of-date by next year as a result of technological advancement.

Other examples of non-insurable risks are:

1. Acts of God: All risks involving natural disasters referred to as acts of God such as

a. Earthquake

b. War

c. Flood

It should be noted that any building, property or life insured but lost during an occurrence of any act of God (listed above) cannot be compensated by an insurer. Also, this non-insurability is being extended to those in connection with radioactive contamination.

2. Gambling: You cannot insure your chances of losing a gambling game.

3. Loss of profit through competition: You cannot insure your chances of winning or losing in a competition.

4. Launching of new product: A manufacturer launching a new product cannot insure the chances of acceptability of the new product since it has not been market-tested.

5. Loss incurred as a result of bad/inefficient management: The ability to successfully manage an organization depends on many factors and the profit/loss depends on the judicious utilization of these factors, one of which is efficient management capability. The expected loss in an organization as a result of inefficiency cannot be insured.

6. Poor location of a business: A person situating a business in a poor location must know that the probability of its success is slim. Insuring such business is a sure way of duping an insurer.

7. Loss of profit as a result of fall in demand: The demand for any product varies with time and other factors. An insurer will never insure based on expected loss due to decrease in demand.

8. Speculation: This is the engagement in a venture offering the chance of considerable gain but the possibility of loss. A typical example is the action or practice of investing in stocks, property, etc., in the hope of profit from a rise or fall in market value but with the possibility of a loss. This cannot be insured because it is considered as a non-insurable risk.

9. Opening of a new shop/office: The opening of a new shop is considered a non-insurable risk. You don’t know what to expect in the operation of the new shop; it is illogical for an insurer to accept in insuring a new shop for you.

10. Change in fashion: Fashion is a trend which cannot be predicted. Any expected change in fashion cannot be insured. A fashion house cannot be insured because the components of the fashion house may become outdated at any point in time.

11. Motoring offenses: You cannot obtain an insurance policy against expected fines for offenses committed while on wheels.

However, it should be noted that there is no clear distinction between insurable and non-insurable risks. Theoretically, an insurance company should be ready to insure anything if a sufficiently high premium would be paid. Nevertheless, the distinction is useful for practical purposes.

A Review of the King of Mouse Slot Machine

The King of Mouse is a poker machine that is popular in the market. The King of Mouse is a machine that offers two-year warranty with each set, which covers everything but the light bulbs. The machine plugs right in to your wall and there is no installation required. We associate this added convenience with the machine.

The machine is 110 volt ready and can be immediately installed. It is a factory-refurbished slot machine. The King of Mouse is not too old and the limit of age is fixed at one to five years. There is a key for complete access to the machine. The key ensures that the user can use the machine fully without any major inconvenience.

A basic operating manual is also provided with the machine and this is supplemented with unlimited technical support by phone. The provision of unlimited technical support by phone ensures complete coverage of the possible problems that the user may face when he or she is using the machine. This is an added advantage and the customer support is of the highest quality. The customer support is toll free and provides the best service.

The machine has a fully animated LCD screen and it provides unlimited entertainment. There is a reset/switch key in order to change the odds. There is the facility of full light and sound and it recreates the facility enjoyed in casinos. There are custom-made labels in each machine. These labels ensure that the user can easily locate the reset switch power and volume controls without referring to the manual. The use of the manual becomes redundant and the use of the machine becomes much easier.

The King of Mouse machine can be operated by using tokens only and cannot be changed readily to accept coins. There is the option of playing with 1, 2 or 3 coins at once and not more than that. Some newer machines provide the option of betting with a maximum of three coins.

There are also animated displays or video screens and they are provided depending on the titles. The LCD display screen is a unique feature and provides its own benefits. The LCD screen has a high usage rate and can be used for a long periods without any damage.

The machines undergo some changes as they arrive from the factory. These machines usually arrive form casinos in Japan. The machine undergoes an electrical overhaul. The electrical overhaul ensures the safety of the machine, the safety of the user and the functionality of the machine. The technicians put the machine through a series of tests and the safety and proper functioning of the machine is looked into.

The warranty of the machine does not count when the damage is done due to natural causes or fire, lightning, water or dropping and such other damages. The machines are very durable and made of high quality durable materials and the company recommends that they should last for a lifetime. These are the features of the King of Mouse gaming machine.

Pokemon Games Online

Pokemon’s popularity was first established when Nintendo of Japan introduced it as their best selling game for the Nintendo GameBoy in 1996.

In North America, Pokemon has become very successful with children of all ages. Its success and popularity is because children enjoy the unique characters that are involved. These characters are actually monsters that can be trained as pets. The object of the game is when these Pokemon characters are controlled by their trainer and used to battle with each other. The more skilled the trainer than the stronger the character; as the character gets stronger it increases its chances to win in a battle against other characters. You can play Pokemon games online and find that there are tons of various versions of fun Pokemon games to play.

Each “pocket monster” has special abilities, which can be revealed during battle. These skills and abilities increase and experience grows as the character is involved in battles against other Pokemon characters. In each win, a level of experience is earned, this allows your pet to gain strength and grow on its abilities. This requires a lot of skill, and it also challenges the players creativity by making them think about the next step that they are going to take. In many ways this can be seen as a fun and educational gaming environment, but yet a game that becomes very addictive; this is why Nintendo has achieved so much success with this brand and franchise.

The popularity of Pokemon has made it available on various gaming and console systems and through the Internet. Throughout its RPG, adventure, puzzle and card games we can see growth of this type of game for many years to come. Players have been known to play Pokemon through their Nintendo GameBoy or Nintendo DS systems, however these games are widely available to play online for free.

With the technology of the internet, we can now play Pokemon games online and not worry about purchasing an expensive game system. Anyone with a computer, Internet connection and a flash player installed on the computer can play Online Pokemon games.

Ninja Games Online – Dragon Fist 3

Free ninja games you can play online have gathered quite a following in recent years. More and more arcade game website owners and flash game developers seem to be willing to take their chances with ninja games online. Popular titles in this flash game genre all share a few common traits, such as the setting in medieval Japan, the traditional ninja weapons, and the appearance of the game characters. However, one aspect of these games that sets each of them apart is the amount of effort and detail that was invested in their creation. One ninja game worth mentioning is Dragon Fist 3.

The online ninja game Dragon Fist 3: Age of the Warrior, the third game title in the sequel, features a number of options and game play characteristics that rivals paid games. This game is a side scrolling fighting game, which up to four players can play against the computer. Some of the features include thirty two playable characters, out of forty two total, fourteen fighting styles, and the ability to play in single or multi-player modes.

The developers of this online ninja game made two different versions of the game in order to allow owners of lower computers to share the fun. For these slower computers a smaller version of the game was released, which also has a slower screen resolution for faster load up times. There is also a Mac, and a downloadable version which the player can enjoy right on his desktop. Included in the regular version, the player can still choose among the options given a lower screen resolution, the use of weapons or not, whether to see blood in the game, and the ability to disable sounds.

Each player, if playing in multi-player mode, will have their own set of controls based on the keyboard. They are not at all difficult to learn, and provide enough character controls to keep the player busy for a while. The controls feature basic movement commands to move left, right, jump up or block. Then there are your attack keys, which command the character to punch, kick, or throw weapon. For hard core gamers looking to intensify their playing experience, there a number of key combinations available to each player made for special commands, sweeping, grabbing, and picking up objects.

Another great feature of this online ninja game is the inclusion of a character editor. However, this editor will only become available to the player after he successfully completes the first level of difficulty. Moreover, once you have decided to give a try in single player mode, the game goes on to offer a quick battle, a challenge match, a regular game, or a practice round. Perhaps this fighting game title was not designed with beginners in mind, but rather hard core ninja game followers who seek a more intense experience, have some knowledge of the genre and would like to take advantage of all the detail this game has to offer.

How To Play the Pokemon Go Game and When Will It Be Released in Asian Countries Like thePhilippines?

Lot’s of Netizens couldn’t wait to experience to travel between the real world and the virtual world of Pokemon, especially here in the Philippines. John Hanke the founder of Niantic, the game developer stated that he does not want to limit the game’s availability. The game was released mostly in the European countries, however they certainly fixed some server issues with the intention of launching this game to approximately 200 countries.

Discover Pokémon in the Real World with Pokémon GO!

The 26 countries in Europe which Pokemon Go was launched, includes: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, Greece, Greenland, Hungary, Iceland, Ireland, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Romania, Slovakia, Slovenia, Sweden, and Switzerland. Who knows? because of the vast amount of players locally, I don’t think Philippines will be ignored as well as other Asian countries who has large number of players awaiting this game.

With the company’s determination to disperse the Pokemon GO game globally, it may perhaps possibly be release here in the Philippines before this year will end.

How To Play the Pokemon Go Game?

Pokemon Go is developed on Niantic’s real world gaming platform, it allows players to use real locations and urge them to explore in the actual world to track down Pokemon (the real world will be the setting on this game). As you explore your areas, the game enables you to capture more than a hundred varieties of Pokemon, similar to that of their video game series which they uses real world locations like New York, Paris, and the regions of Japan (Kanto and Hokkaido).

You can seize and capture countless of Pokemon by exploring within your cities, towns and even around the globe. Once your mobile smartphone vibrates as you move around, that’s the signal you are near a Pokemon. As soon as you found a Pokemon, target that Pokemon by aiming on your smartphone’s touchscreen, once you already aiming at it, you can easily catch it by simply throwing a Poké Ball. Be sure to hit it with a Poké Ball or it could possibly escape. At the same time, you should search for PokéStops situated at significant places, like for example: monuments, public art installations, historical markers and other areas or places with similar nature to be able to gather more Poké Balls and other sorts of items.

Account and Customization of Your Pokemon Go Trainer

After creating an account, the player will have to make an avatar and customizes it by choosing a hair style, skin color, eye color, design of its outfit and other additional accessories. Once the user created an avatar, it is shown on the existing location of the player, together with a map showing the existing area. The basic function of the map is that it shows the total quantity of Pokémon gyms and the total count of PokéStops. While the players travel the real world, their customized avatar will also move along the map.

Function of PokéStops

The PokéStops offers items like Pokeballs, eggs, and even potions. It could in fact be geared up with elements known as the “lures” that typically allures Pokemon.

The Purpose of Gyms

The gyms function as a battle locations for “king of the hill” matches which are team-based. It usually found at interactive locations.

Catch More Pokémon and Complete Your Pokédex

Pokédex is considered as the encyclopedia of Pokemon, where the description, height, weight, species type and other information of a certain Pokemon is being listed. As a Trainer, you will progress in levels, once you gained a higher levels, you will be able to capture more powerful Pokemon and add it to your Pokedex to complete it. Additionally, you will gain access to much more powerful items like Great Balls to provide you a more effective hit in catching a Pokemon. In order to move up into advance level, you’ll need to explore and discover more Pokemon.

As the game progress, you’ll discover alternative strategies to get more Pokemon to your Pokédex. In the event that you capture a Pokemon at a sufficient intervals, you’ll get the chance to develop and make one of them to a more stronger Pokemon. If you keep exploring, you would probably come across Pokemon Eggs found at PokeStops, that will hatch when you’re already at a particular range. After they hatched, you might possibly discover Pokemon which you may perhaps have never encounter previously.

Quite a few number of wild Pokemon will just show up in a particular spots close to your geographical area or even around the globe. Like for instance, some water-type Pokemon may likely be seen in the vicinity where it is close to oceans, lakes, rivers, etc… When you are not in your house or when you’re not in your typical location, don’t forget and be aware that you might encounter Pokemon you have never seen before.

In the event that you capture a Pokemon at a sufficient intervals, you’ll get the chance to develop and make one of them to a more stronger Pokemon. This method is incredibly helpful if you are having a difficult time capturing a Pokemon in the wild. As for instance, if your location has substantial numbers of Poliwag, but you couldn’t find any Poliwhirl, you need to capture plenty of Poliwag so that at some point, you can potentially acquire the capability to turn one them into a Poliwhirl.

Become a Member of a Team and Join a Battle

As saying goes, “No Man is an Island”, you need to join a team so that you can challenge other teams and can participate in a battle. By the time you join a particular team, you obtain a potential and is able to designate a Pokemon you captured to an Open Gym locations or you can assign it to a Gym where a Pokemon is assigned by a certain team member. The Gyms can also be found at actual places around the globe which is just the same with PokeStops. Only a single Pokemon can be assigned at a selected Gym. That is why as a team you have to work together in order to make your defense formidable.

If an opponent comes, and claimed a Gym, you’ll be able to challenge this team by using the Pokemon you have captured and overcome the defending Pokemon. You see, team battles are also fun and at the same time challenging and difficult. You can choose what Pokemon will have to face your rival team. Every Pokemon possesses two types of attacks, while fighting, it can also avoid its opponent’s attacks by swiping your touchscreen to either left or right. If luckily your chosen Pokemon wins the battle, the Gym’s status will gradually decreases, and when the Gym’s prestige will be at zero level, that’s the time you or another team member can take over and take control of the Gym by assigning a Pokemon to it.

Now that your team has taken control over the Gym, you and other team members can now increase the Gym’s level status by contending with the defending Pokemon. Not only that, you can train battles as well against your own team to help your Pokemon level up. Once the Gym gains to an advanced level, You or another team member can assign additional Pokemon to fortify its defense. If you like to, you can call your friends to add more teams and challenge the opponent Gym together with your combined team, in order to defeat the more powerful Gyms a lot quicker.

By undertaking a lot of challenges in various categories and complete each mission, you may be able to uncover medals of achievements that will show up in your profile. Challenges such as exploration and capturing of Pokemon. You can get as many medals as you can by trying your very best.

Additional Features: Pokemon GO Plus, Fun Photos and PokéCoins

By introducing the Pokemon GO Plus, the game may possibly hit the world by storm. It is a portable device which enables users to play the game even if their not using their smartphones. This device alerts the player on a certain event of the game via Bluetooth which connects to the user’s smartphone. Like for example, if there is a Pokemon detected by this gadget near the area, the user will be notify through vibration and LED alert. Besides that, this gizmo can execute basic function such as catching a Pokemon by pressing its button.

Other impressive characteristic of Pokemon Go game is its fun photos. You can capture photos at any moment using the in-game camera, especially when you come across a Pokemon in the wild. You can direct this Pokemon into the live scene in accordance to the position of your camera and take a snapshot of it at anytime. You can then save the image and share it whenever you like.

Finally, you can download the game anytime by going to the main website or at Google Playstore with no charge at all. The only charge is when you would like to level up your Pokemon GO experience by purchasing items through PokeCoins, the in-game currency of Pokemon GO of which users will have to spend real money out of their pockets. These PokeCoins may then be trade with enhancements such as extra items and power-ups.