Insurance company - what is it? Structure and function

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2019-06-20 19:00:27

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Insurance company – is a financial institution providing insurance services to individuals, organizations of different ownership forms. In order to understand the mechanisms of insurance companies, it is necessary to consider the principles of providing monetary compensation to the insured.

What is insurance

Insurance – is a way to protect their own interests, well-being under adverse circumstances. The probability of occurrence of such events is relatively small, but on the whole quite real. On the basis of statistical data, it is determined the insured risk, the insured amount and rate. Compensation occurs only in the case of a contract of insurance. Source of funds are the reserves and funds of the insurance company (IC).

insurance company

In our country the legal basis for the provision of such services are:

  • The Act of 1992 "On the organization of insurance business in the Russian Federation”.
  • The Civil code of the Russian Federation.
  • Other documents.

The Result is an insurance product, representing a list of provided insurance services. A certificate of insurance is an insurance policy. It serves as a guarantee that in case of occurrence of a certain event, the insurance company will assume the obligation to pay a specified sum of money in favor of the ultimate beneficiary.

company RESO guarantee

What are insurance company

The Standard insurance company – this is a separate organization, concluding contracts of delivery and maintenance services. In our country any SK – a legal person possessing a certain share capital and offering their services on the basis of the current legislation.

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Providing insurance products – direct responsibility of insurance companies. Based on the likely occurrence of events and risk assessment agents UK offer policies insurance and guarantee compensation for damage under adverse circumstances.

Of Course, like any commercial structure, the purpose of the company is aimed at making a profit. But the special nature of the activities allows you to accumulate in the accounts of huge sums of money that rightfully could dispose of the insurance company. This financial splendor may be provided to other businesses on credit terms. The terms of such investment is governed by the national insurance law and the financial authorities. In Russia it is the Ministry of Finance and the Central Bank.

max insurance company

Types of insurance companies

Classification of insurance companies is quite diverse. For example, insurance companies Moscow in their constitutions define themselves as businesses, in state, private or municipal ownership. Different such organizations and the nature of services provided. There is a specialized enterprise, who made his business on providing several insurance services like car insurance.

the consent of the insurance company

There are multidisciplinary SC, who can insure everything and from everything. There are reinsurance UK and non-state pension funds, too, by the way pertaining to insurance companies. Different insurance and service area in which they offer insurance. The insurance company required customers policies - after all, the more contributions will assemble agents, the faster will increase the profit of the company. SK are in a certain area, opening branches and representative offices. Geographically these enterprises are divided into:

  • Local – offering insurance policies in the individual region or area;
  • Regional – have offices in several areas, Autonomous centers;
  • National & ndash; operate on the entire territory of the country;
  • International – have offices or branches in other States.

SOGAZ insurance company

Ratings insurance companies

Regularly in the media reports of what place in the rankings of reliability or popularity is one or the other insurance company. This abundance of information the idea is to attract the attention of potential policyholders and encourage them to purchase insurance services from this company. From this point of view we can consider the attractiveness of several insurance companies offering their services in the capital and beyond. What you write about yourself insurers? What personal achievements they are putting forward? For analysis go through the websites of insurance companies, and for a point of reference can take two the most indicative value – the amount of insurance fees – that is, the amount of payments made for insurance policies and the amount of insurance payments that the company implemented in 2015.

"RESO-guarantee"

The Company "RESO-the Guarantee" has positioned itself as one of the largest players of the Russian insurance market. Currently, she is the winner of the national competition «people's brand/brand No. 1 in Russia”, multiple award winner «Golden Salamander"winner of the national prize "Financial Olympus", the winner in the category "Insurer VHI" and "car Insurance".

Besides, "RESO-guarantee" took third place last year to collect insurance premiums - 276 billion rubles. Payments totaled 124.2 billion – that is, almost half of the funds raised the company paid to the insured.

insurance companies of Moscow

SK "MAX"

The Company was founded in 1991. Priority call car insurance; CASCO and compulsory motor insurance, voluntary medical insurance and property insurance. In the list of achievements – high rate of reliability from national rating Agency "Expert RA". For 2015 last year the insurance company "MAX" has collected more than 37.2 billion rubles, and payments amounted to nearly 92 %.

SOGAZ

The Insurance company with the same name can rightfully be considered a national – its branches are available in every region of our country. Analysis of the statement of financial activities indicates that in 2015 the volume of insurance premiums amounted to about 78 billion rubles. The volume of payments as a result of occurrence of insurance claims – 27.3 billion rubles.

"Agreement"

The Insurance company with the same name works in the market of insurance services for over 22 years. Actively cooperates with mass media, has expanded the network of its own offices and markets their services through intermediaries. By the end of 2015, the company received 56 billion roubles of insurance contributions and payments of RUB 46.5 billion.

For potential customers of high numbers of insurance fees say about the reliability of the UK, its financial stability. And the numbers of payouts serve as a definition for the readiness of the IC to meet their clients. Another question – how these numbers are true. To determine the reliability of the insurance company it is useful to look at its records in accordance with the requirements of the Ministry of Finance, such information shall be certified by the leadership of the UK, in the future it should be available on the websites of the insurance company. Financial reports will show the reliability and functionality of dedicated insurers. Also interesting is the analysis of insurers, although these data should believe less of the positive reviews just paid for, and part of the negative may be written by citizens who failed to receive payment for objective reasons. The analysis of this information can give an interesting assessment of the trends in the development of dedicated IC and of the total insurance market of Russia in General.


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BE: https://tostpost.com/be/f-nansy/34436-strahavaya-kampan-ya---geta-shto-takoe-struktura-funkcy.html

DE: https://tostpost.com/de/finanzen/34119-die-versicherung---was-ist-das-struktur-und-funktion.html

ES: https://tostpost.com/es/finanzas/33986-la-compa-a-de-seguros-es-lo-que-es-estructura-y-funci-n-de-los.html

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Alin Trodden - author of the article, editor
"Hi, I'm Alin Trodden. I write texts, read books, and look for impressions. And I'm not bad at telling you about it. I am always happy to participate in interesting projects."

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