Insurance business and its essence

One of the oldest aspects of the relationshipindustrial-public nature is insurance. Its origins should be sought even in the time of the slave system. Then they insured property and slaves from possible destruction by various forces of nature or from other circumstances. So gradually there was a union of people interested in this process. There was an insurance business.

This is one of the main institutions of the economy. The insurance business became the most widespread in the conditions of market relations.

The essence of this process is the satisfaction ofhuman security needs. In the conditions of the market, insurance acquired a slightly different formation. This is the way to pool money in order to make their use more efficient.

Insurance business plays a huge role in the economycountries. This, above all, increases the country's potential for investment in its development. Reliability and security guarantees attract additional capital.

Insurance business is a prerequisite for the growth of the nation's welfare. It provides an opportunity to stabilize the system of social and pensions.

The insurance area is subject to its laws and has specific development features.

It is divided into property insurance,responsibility and personal. Separately, you can select the area of ​​this process associated with medicine. Under the category of insurance, objects with the following characteristics fall:

1. Presence of insurance risk.

2. Association of insurers and insurers.

3. Recoupment of this process.

4. Undistributed relationships.

5. Return of payments.

The object of insurance is all the risks, in the event of occurrence of which the insurer is obliged to compensate the damage caused. Various categories can be used as an object.

Personal insurance includes interestscitizens who are concerned with age criteria, certain events in life, the sphere of medical services, diseases and other events. In personal insurance - this is the life and health of citizens, as well as their work capacity.

When insuring property, the objects areany values ​​having a material form that fall under the criteria of this process. This can be the possession of certain property, as well as its use and disposal. This includes liability insurance, which consists in paying compensation to others for the damage caused. Entrepreneurial activity also belongs to this category of subjects.

Another point that includes the insurance business, involves a package of documents necessary for the occurrence of a case of compensation for damage.

The subjects of insurance business are agents, organizations, societies, brokers and other participants in this process.

All activities of entities must be licensed or certified. There is a special state register, which contains the entire list of participants in this process.

Insurance is a necessary partypublic life of any country with a developed economy. It is a guarantee of stability, which contributes to the development of investment activities. Owners of property and funds must be sure that in the event of an insured event they will be compensated for the damage caused.

In Russia, the insurance business has come a long waydevelopment. But the process of its formation is not completed today. In 1996, they developed a resolution, which stipulated measures to develop the insurance market in Russia. In 1997, a program was adopted to develop insurance of risks arising from global disasters, natural disasters and other such cases.

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