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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 a payment to the insurer (a premium) 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. Furthermore, it 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.

The Middle East and North Africa. It is also known as WANA, which alternatively refers to the Middle East as Western Asia. As a regional identifier, MENA is often used in academia, military planning, disaster relief, media planning and business writing. Moreover, the region shares a number of cultural, economic, and environmental similarities across its comprising countries; for example, some of the most extreme impacts of climate change will be felt in MENA. Some terms have a wider definition than MENA, such as MENAP or Greater Middle East, which extends to South Asia to include the countries of Afghanistan and Pakistan. The term MENAT explicitly includes Turkey, which is usually excluded from some MENA definitions, even though Turkey is almost always considered part of the Middle East. Countries in mena are Algeria, Bahrain, Egypt, Israel, Jordan, Kuwait, Libya, Morocco, Oman, Qatar, Saudi Arabia, Tunisia, United Arab Emirates, Yemen.