Traditional methods ofinsurance theoretical study usually proceed from a discussion of the essenceofinsurance to a study of the functions of insurance.
传统保险理论的研究方法一般是从探讨保险本质出发,展开对保险功能的深入研究。
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It provided Asia with a new backstop financing facility — in essence, a self-insurance fund that came in very handy in successfully cushioning the blows of an unprecedented global shock.