what is meant by security insurance??

security insurance

Insurance is a process that assesses the mortality and morbidity of insurance applicants

founded:

• Can the insured future be covered by insurance?
• Appropriate risk classification of the insured (mortality and morbidity).

The main duties of an insurance company are e.g.

1. Manage funds as efficiently and profitably as possible

2. In sharia insurance is the role of the insurer

• Consider the risks involved
• It is decided to accept/reject the relevant risk
• Determine terms and scope of compensation
• Collect wages from participant contributions
• Ensure profit margins

The insurance function also has a selection process for prospective policyholders.

The following factors influence risk selection. 

• Age
• Physical fitness and health
• Type of work
• Financial condition
• Morals and manners
• Sum Assured
• Sex
• Hazards, risks and uncertainties

According to the concept of insurance, risk is the result of events that can give rise to Damage or loss of interest in the insured object.

Risk is the uncertainty of an event that will cause a loss or create opportunities to lose opportunities (maybe) if those conditions are met Affects the continuity of the insurance contract between the insured and the owner police etc.

When risk is seen as uncertainty, then risk is divided into two parts, namely:

1. Objective risk is the relationship between real and actual loss fluctuations due date

2. Subjective risk is uncertainty based on mental state someone or focus his mind.

Uncertainty is also a risk that arises from everyday conditions tomorrow, which is not known for certain at this time. uncertainty can classified as follows:

• Financial uncertainty 
• Natural insecurities 
• Human insecurities 

1. Characteristics of insurable risk 

• Occur by chance 
• Defeat is certain 
• Losses are significant 
• The amount of damage is predictable 
• The amount of loss does not result in a disaster/business bankruptcy coverage 
• The insured object can be valued in money 
• Quality and quantity of the same, similar and adequate 
• The resulting risk must be net 
• Risks that arise by accident, not on purpose 
• The risk incurred is not contrary to the public interest 
• Insurance premiums are charged, absolutely appropriate 
• The insured must have insurance benefits