Definition of insurance and risk insurance is a form of risk control that is carried out by transferring or transferring risk from one party to another in this case an insurance company what is the meaning of insurance according to articles 20 246 of kuhd it is stated that insurance our coverage is an agreement by which as an instrument being himself to an insert by receiving a premium to reimburse him for a damage or loss of expected profit that we may suffer due to an uncertain event another definition of insurance is a transfer of risk from the first party to another party in the delegation it is controlled by the rules of law and the application of a principle and teaching that are universally adopted by the first party and other parties from an economic points of view instruments mean a collection of funds that can be used to cover or compensate people who suffer loses what are the benefits of insurance apart from being a form of risk control financially.
Insurance also has various benefits which are classified into main function secondary function and additional function the main function of insurance is a transfer risk collect funds and balance premiums the secondary function of insurance is to stimulate business growth prevent losses contraduces have social benefits and a savings meanwhile the additional function of insurance is an investment fund and invisible earnings and then the next is what is the meaning of risk according to article 2.246 of the K uht is stated that insulin or coverage is an agreement by which an insurer’s pins himself to an insert by receiving a premium to reimburse him for a damage or loss of expected profit that he may suffer due in a certain event another definition of insulin is a transfer of risk from first party to another party inertification it is controlled by rules of love and the application of principle and teaching that are universally adopted by the first party and the other party and then the next is from the economic perspective.
Insurance mean collection of funds that can be used covered or compensate people who have suffered losses and then the next is what is the definition of risk the definition of risk and insurance is uncertainly about occurrence of an event that cause economic loss so what is risk the division of race incident is uncertainly but the occurrence of an event that can cause economic loss and then the next are what are the form of risk the forms of risk include pure risk speculate speculative risk particle risk and fundamental risk your risk is a risk that result in only two kinds loss or break even for example theft written for fire speckled of risk is a risk result in three type plus profit or break even for example gambling particular risk is the risk that comes from the individuals and the impact is local for example when crash car crash and shipwreck well fundamental fundamental risk is a risk that does not come from individuals and the impact is wide for example is hurricanes earthquakes and floods then neck is out our wrist and circle not all breasts can be insured the risk that can be insured are risk that can be measured in money homogeneous risk are the same price are pretty much guaranteed by insurance pure risk or risks does not bring profit particular risk breaks from Individual sources risks that occur assembly or accidentally or answerable interest insert has been interested is an object of coverage and risks that are not against the law so thank you for watching and don’t forget to like comment and subscribe