Something about insurance

Insurance is a system of social relations, which is influenced by many different factors. A large number of insurance, the extreme diversity of risks in the event of under insurance, the differences in the organization of the insurance process, the use of practical activities and development of the insurance law, insurance, statistics, actuarial, insurance economy led to the formation of a specific insurance terminology. It is worth mentioning some of the complexity of conceptual apparatus of the insurance. This is due, firstly, that the same term often has a number of semantic aspects, and secondly, some terms are not yet firm, is often interpreted in different ways.

To facilitate the perception of basic insurance terms divide into four groups of conditional (conditional, because some terms can not be attributed to a particular group due to their polysemy):

• terms, reflecting the general terms and conditions of insurance transactions;
• terms relating to the formation of the insurance fund;
• terms relating to the expenditure of the insurance fund;
• terms relating to the functioning of the insurance market.