Insurance Options

Insurance Options

                                                                                
                                                                    

Insurance Options
The economic essence of insurance is embodied in the functions that reflect the reality of public representatives
the appointment of insurance. Functions are external forms,
reveals the features of insurance as part of the (sub-
system) financial system.
The financial system, as it is known, is objectively
a tool for cost allocation. Insurance as
part of the financial system also expresses its economic
substance primarily through the distribution function. Consider
tribution function of insurance, in turn, finds
specific embodiment of the implementation of specific functions,
peculiar to insurance: risk, warning
and savings.
The risk function is undoubtedly the most important of nazvan-
functions, because it stimulates a risk impact
Insurance penetration. There is a risk - there is potential for the country
ance with all its attributes. In this case, the risk - is
a specific event or set of events, the potential
the possibility of damage to the insurance object.
By its nature, risks are divided into the following
groups: objective and subjective, universal and indi-
vidual, catastrophic, environmental, transport,
political, military, technical, and others. The variety of forms
risk, severity of the damage caused, the inability to accurately pro-
predicting their occurrence cause objectively necessary
Bridge of insurance. It is in the framework of the
the risk function and the redistribution of money
form of value between the parties in connection with the insurance Therefore
the impact of extraordinary insurance events.
Precautionary security feature implemented
reducing the risk and the devastating effects of the country
events by ear. Warning function is performed by human
cut funding from a variety of insurance fund
measures for the prevention, containment and restriction
the negative effects of disasters, accidents, accidents.
Measures to prevent and minimize extreme events
of insured losses are in the name of prevention insurance.
In order to implement preventive function is formed Particular
ticular monetary fund.
The essence of the saving function manifests itself in the consumption
Insurance protection of cash savings of the population, rechargeable
lated in commercial banks.
In addition to these specific functions Insurance You are a
performs control, credit and investment function
tion.
The meaning of the control function is strictly target
formation and use of insurance fund. Implementation
schestvlenie control functions performed by the financial
HICLES control over the legality of the insurance operations.
Noting the above characteristic feature of such security as impact
vratnost premiums indicated in the common cat-
10
gory insurance and loan category. In this sense
talk about credit insurance functions.
The possibility of participation of temporarily free funds of insurance
Fund's investment activities of insurance companies,
the completion of the due profits from insurance and other COMMERCIAL
governmental operations, revenues of the state budget says about
the investment function of insurance.
Consider the function of insurance, it can be argued that they
expresses the economic essence of insurance, indicate
social purpose of insurance as an independent eco-
nomic category, which plays a special role in the ecosystem
nomic relations, already obvious in the light of past and
currently occurring changes in economic
life of the country.