Private insurance

-
Résultat de recherche d'images pour "Private insurance"

Private insurance is insurance that is sold by private sector insurance companies and is intended to profit. The same term may describe an insurance policy purchased directly from the insurance company and not part of a collective insurance program or employer-supported insurance program

 Private insurance includes life insurance and general insurance (such as property insurance, liability insurance and health insurance). Therefore, it is based on commercial and technical insurance grounds and mathematical and statistical tables that predict the loss and its size taking into account previous experience and results of losses. To cover the probability of loss as well as profit margin for insurers who offer insurance without compulsory or compulsory purchase, the public may refuse or accept such documents. The private insurance is carried out either by joint stock companies or by Lloyd's or even by a government insurance agency Profit making does not change its nature, and insurance companies that engage in private insurance are called the term private insurer

Private insurance is divided into personal insurance and commercial insurance :


  •  Personal insurance / Personal Lines


Personal insurance includes many types of insurance to protect the individual from the risks he faces, such as life insurance, health insurance, personal liability insurance, travel insurance, homeowners insurance, etc.

 The individual does not live in isolation from the people, but is influenced by their actions and mistakes and are affected by his actions or neglect, and the life of the individual is surrounded by the danger of uncertainty, for example death, injury, fire, theft, earthquake, depreciation of savings etc, so he buys Insurance as a means of managing the risks they face.
  • Commercial Lines / Commercial insurance / business insurance


 Commercial insurance is called for any documents issued to commercial establishments, companies, institutions and government bodies. Examples of this insurance are commercial car insurance, fire insurance, property insurance, liability insurance, product liability insurance, breach of trust insurance, and crime insurance.

 In the area of ​​insurance, the term "commercial insurance" is used to refer to the fact that the insured is a company or institution while the term personal insurance is used to indicate that the insured is an individual or individuals, for example the commercial liability insurance company believes against civil liability while securing personal civil liability insures the individual Against civil liability

Comments

Post a Comment

Popular posts from this blog

Deutsche über die Deutschen: fleiBig, strebsam, spiefiig (DEUTSCH)

-
Image
Der typische Deutsche ist nach Meinung von Rundfunkhôürern aus Westdeutsch- land vor allem fleiBig, strebsam und spiefig. Bei einer Sendung des Westdeut. schen Rundfunks nannten mehr als 2400 Hôürer diese drei Eigenschaften am häufigsten. Aber auch arbeitsam, intolerant und gründlich sind nach Ansicht der Hürer typische Merkmale der Deutschen. Gut, gerecht, zuverlässig und hilfsbereit wur- den dagegén nur selten genannt. Ebenso selten wie politisch interessiert, titelsüch- _tig oder ausländerfeindlich. Die fast 500 verschiedenen Antworten zeigen, wie schwer es ist, den ,,typi- schen“ Deutschen zu charakterisieren. Ebenso schwer ist es, etwas über den typischen Engländer, Franzosen, Spanier, Amerikaner, Russen, Japaner, Afrika- ner, Türken, Chinesen oder den Angehôrigen einer anderen Nation auszusagen. »Typisch“ erscheinen die Gewohnheiten einer Nation vor allem dem Fremden. Meist sind es aber nur Vorurteile, die die Meinung der Menschen von and...
Read more

Life Reassurance

-
Image
Reinsurance is a method whereby the life insurer, the company that insures the life of the insured, transfers part of the risk to another company called the reinsurer, and life insurance company called the assigned company or the original company. Insurance is to reduce the risk of insurance facing the insurance company, the insurance risk facing the life insurance company is premature death Life insurance companies accept re-insurance from one another. However, there are specialized reinsurance companies that do not accept direct insurance, meaning that they do not deal directly with the insured Persons participating in the reinsurance market The reinsurance market consists of reinsurance buyers, intermediaries and reinsurance sellers, buyers such as direct insurers who deal with the insured and buy reinsurance, brokers such as insurance brokers, sellers such as reinsurers, and direct insurers as sellers also accept re-operations Insurance from each other The Insured is n...
Read more

Credit insurance

-
Image
Credit is the system of selling goods or services without immediate payment of money, in the hope that the buyer will pay what is on the agreed dates, hence the risk facing the seller in each transaction or the process of payment, because when it is time to pay to pay The buyer may not be able or willing to pay what he has. This buyer may be insolvent, bankrupt or liquidated, so the subject of credit insurance is the risk of non-payment to the seller. Under the credit insurance, the insurance company Payment to the seller (to the creditor) if he fails to collect debts from buyers (debtors) Credit insurance is the insurance of creditors that protects them if they can not collect their debts. The term "life insurance" refers to insurance that pays the remaining balance of the loan to the creditor if certain events such as death or disability lender mortgage insurance LMI / Private Mortgage insurance PMI Is the insurance that protects the lender and not the borrower in c...
Read more