Something about insurance

Insurance has a long history and relates to the fundamental categories of money, credit, taxes. At present, insurance is a way to compensate the damage caused by the owner of wealth as a result of natural disasters, accidents, fires, earthquakes, robberies, etc. These developments are in violation of the normal period of human life and are characterized by their sudden and unexpected.

Naturally, any owner, any person interested in the preservation of their property, life, health, and would like to be able to compensate for the damage when the insured event. This interest was the subjective basis of insurance. The process of interest in insurance can be schematically represented as follows.

Protect yourself and your property a person can, by creating reserves and provisions in one form or another. But to ensure the same standard of living, or, say, produce the same amount after the onset of any adverse event (eg fire), these reserves and the reserves should be on their volume equivalent to what is used in production. In this situation, could not escape the idea of interested persons to be joint and several layouts damage - compensation for loss of one or more of the affected joint efforts. Moreover, experience shows that the number of victims of natural disasters, accidents, theft is always less than the number of fear of adverse events. This once again confirms the benefits of shared layouts damage between the parties. And the more of the participants, the smaller the proportion of funds that each must make to compensate for the loss of the victim.

It should be noted that the joint mode of damage is always a vicious nature, as well as losses can be obtained only party of interested persons.

In a closed joint and several participation of stakeholders in the compensation of the negative developments of the affected members of the original meaning of the insurance. It is in the form of mutual insurance, where members of association are both insured and insurers, has insurance in the early stages of its development. Insurance Fund at this time are usually not formed, and in case of adverse events members of the collaborative effort to assist victims. In the course of further development of insurance and making it into the primary business, the initial signs of Insurance (the existence of insurable interest and closed the joint mode of damage between the parties) have been supplemented by other specific features.