Identifiable information from insurance companies and the types of insurance

Insurance and types of insurance 1 What is insurance?Insurance InsuranceIs a social system that aims to form a reserve against third parties losses uncertain suffered by the capital by shifting the burden of the risk of several people to one person or group of persons, that is a system designed to reduce or minimize the phenomenon of uncertainty Uncertainty financial losses by shifting the burden of risk .2 What is the importance of insurance activity?Summed up the importance of insurance activity are as follows:1. The realization of the principle of cooperation between a group of individuals at the same risk and to secure their future participation in bearing the risks which they are exposed.2. Insurance helps to maintain the facilities fortunes of compensating for the outputs of the dangers that may be exposed to these riches such as fire - theft .......3. maintaining production capacity4. creating and widening the scope of credit through loans and other guarantees to ensure the documents thus contributing to the economic growth of the projects. 3 What are the characteristics of insurance activity?1. Building on the principle of cooperation.2. insurance activity is characterized by the existence of a contractual link between the insurer and the insured3. insurance activity is based on a compilation of the savings from the gatekeepers in the various branches of insurance in the form of premiums.4. insurance activity characterized by multiple branches of activity.5. characterized contracts (documents) spillover insurance for several financial periods and therefore difficult to determine the outcome of the activity. 4 What are the types of insurance?There are several divisions of InsuranceFirst, in terms of the basic division is divided into: -- Private insurance- Social insuranceSecondly, in terms of the practical division of insurance is divided into: -- Life insurance- General Insurance. 5. What is your insurance?Insurance is a contract upon which the person to benefit from it personally to secure itself from a certain risk.6 What are the characteristics of your insurance?Private insurance offers the following features.1. that insurance is optional due to the desire of the beneficiary himself.2. The insured pays the premium in full.3. is not subject to this type of insurance to the supervision of the government. 7. What is social insurance?It intended to secure individuals (whose livelihoods depend on the action) against dangers that may prevent them from performing this work, such as disease-deficit-old age or death and unemployment. 8. What are the characteristics of social insurance?Social insurance is characterized by the following: -1. The primary calling for this type of insurance is the social solidarity.2. that compulsory insurance imposed by the state is not optional3. The insured pays part of the premium and holds the state or the employer Part II. 9. What types of life insurance?Life insurance is divided into:- Life Insurance Life Insurance- Personal accident insurance. 10. What types of reinsurance operations?It can be divided into re-insurance to the three main types of operations.A compulsory re-insurance operations(B) an optional re-insurance operations.(C) reinsurance operations agreement. 11. What are the elements of the income generated by the insurance companies?The insurance company income consists of- Premiums- Reinsurance commission issued- Net income from investments- Other income. 12. What is the insurance premiums?Installment is the main source of revenue which is the amount owed to the insured under the insurance contract concluded between the parties and is committed to the insurer in exchange for a plug or beneficiaries get the insurance money when the insured against the risk occurs.Q 13. What are the most popular types of hazards and any kind of covered by insurance?* Risks of accidents and injuries covered by personal accident insurance* Risks of old age and aging and covered by pension insurance* The dangers of the disease and covered by health insurance* Risks of death and covered by life insurance* The dangers of fire and covered by fire insurance* Risk of aircraft accidents and aircraft covered by insurance* Risks of theft and covered by insurance against theft and robbery* The dangers of drowning accidents and covered by marine insurance* Risks of natural disasters and covered by insurance against earthquakes and hurricanes* Risks of loss and loss of profits and covered by insurance profits* Risks of downtime and covered by insurance to stop working* Risks of civil liability and civil liability covered by insurance and private business, cars, ships and other owners 14. What types of documents marine insurance?Generally be at two (open or closed)(1) insurance policies specific trip against specific risks from the start of the trip until they reach the port of destination safely and securely.(2) documentation of fixed-term insurance is the term he has to have a minimum of one year which is the most common.(3) documentation to secure goods against fire, assault and dumping at sea and stopping authoritarian disasters, damages, there are some exceptions for some species that are not covered by these documents, mostly food.(4) insurance policies of the ship or its body and its organs and Qoarabha and furnished from the dangers of piracy and banditry and warships, assaults, fires and stop an authoritarian and a betrayal of the crew and general damages Kalhawwadt clashes and others.

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