Type of insurance
There are three types of insurance. The first stream deals with insurance
The policyholder-insurer relationship: insurance as a vehicle
risk transfer. The second stream ignored this relationship and monitored
Insurance as a technology or insurance mechanism. third stream
Combine these two views. After the first flow (forward flow). Insurance is pure risk transfer
From insured to insured. The insured person shall: It is at risk and the insurer is the person or entity at risk. We specialize in taking risks. Risk-taking is the core business of insurance companies
By receiving a commission. The second stream ignores the transmit aspect and focuses on the aspect.
technology. For example, Professors Mehr and Cammack define insurance as a "tool".
Reduce risk by aggregating enough social units Dangerous units and their individual losses
predicted collectively. And everyone shares the foreseeable loss equally
who joined her ” The third stream joins these two views of her. Professor Willett definition
“Insurance as a Social Instrument to Raise Funds to Overcome Capital Loss”
Occurs through the transfer of risk by many people Premiums seem to depend on it
About who saw it. Professor Kulp said:
As a business, as an in-depth mathematical and statistical science, or as a tool Or extensive social engineering. Insurance purpose Insurer uses available funds to offset loss burden Contributions of group members to payers.
so this insurance It is a means of compensating for losses. To reduce the financial burden on members As part of the group, the insurer also participates in loss prevention activities. But the main purpose of insurance is neither equitable nor preventive Uncertainty (uncertainty, doubt) caused by, not losses Recognition by recognizing the possibility of loss. insurance offer Security for each member of the group through cost equalization loss