An interest which the insuredThe entity (individual or otherwise) whose risk of financial loss from an insured peril is protected by the insurance policy. More must have in the subject matter of the insurance he buys so that if the event insuredThe entity (individual or otherwise) whose risk of financial loss from an insured peril is protected by the insurance policy. More against occurs, the insuredThe entity (individual or otherwise) whose risk of financial loss from an insured peril is protected by the insurance policy. More will suffer a pecuniary loss.