Measures of state regulation of insurance activities

Measures of state regulation of insurance activities

Government regulation is an essential element and the principle of insurance business in any country. The purpose of government regulation is to ensure the formation and development of well-functioning insurance market, creating the necessary conditions for the insurers of various legal forms, protecting the interests of policyholders.The system of state regulation include the following:A. Licensing - registration of insurance companies and the issuance of licenses to conduct certain types of insurance. Licensed to conduct insurance business issued in accordance with the Terms of the licensing of insurance activity in the Russian Federation. These conditions are determined by:form of license and its details;


requirements for the licensee (the fact of registration as a legal entity, the payment of the authorized capital requirements for its size depending on the

more about insurance

So let's take a closer look at insurance





apartment Insurance
-The risk of destruction or damage to property (including mortgage insurance) as a result of such events as the Gulf, fire, illegal actions of third parties, natural disaster, theft of property, including household appliances. Statistics show that the mostfrequent causes of an insured event are flooding or water penetration from adjacent premises;

-Risk of civil liability to third parties for injury to life or health or damage to their property;
-Risk of loss of ownership (title insurance);
-The risk of unexpected costs for rental housing as a result of destruction (damage) of the property;

-Financial risks associated with the apartments, the ownership of which has not yetissued,-including the risk of incurring additional expenses under the contract of the equity and the risk of non-ownership of the purchased apartment in a newly builthouse under a contract of the equity.



Fire risks and the risks of natural disasters

Common risks for this type of property insurance include: losses in case of loss or damage to property from fire, lightning, explosion, flood, earthquake, subsidence, storms, hurricanes, rain, hail, landslide, landslide, the action of groundwater, lodging , unusual for the area of ​​severe frosts and heavy snowfalls, a power outage caused by natural disasters, accidents, means of transport, heating, plumbing, sewage and other systems, the penetration of water from an adjacent room, burglary, unlawful acts of third parties



Insurance business interruption

Insurance against damage caused by the stoppage of production due to an eventwhich is insured under a contract of property insurance. Insured losses arecompensated by a break in activity, comprising the income foregone as a result ofreducing the speed of production, services and expenses of the insured to continue the economic activity




Insurance of construction risks

Insurance of construction and installation works, including all materials used for this purpose, equipment, construction sites and construction equipment, construction equipment, the costs of clean-up, debris removal, support structures (eg, temporarydams)


Vehicle Insurance


Insurance, which is designed to protect the interests of the insured property related to the cost of restoring the vehicle after the accident, breakdown or buy a new car aftertheft or embezzlement



personal insurance

For personal insurance includes all types of insurance associated with theprobabilistic events in the life of the individual. For life insurance industry includeinsurance, in which the object of insurance is the property interests related to the life, health, disability and pensions of the insured or the insured


Employer's liability insurance


The object of insurance is the responsibility of the employer's liability for damage to property, life and health of their employees.



Endowment life insurance, pension insurance

For life insurance include all types of insurance, where the insurance object supports human life. But since it is impossible to determine how much a person's life insurance companies oriented to the client's income. The object of protection is not so much life as income people. The average amount of insurance coverage varies from 3 to 10 annual income clients.Life insurance contracts are concluded for a period of not less than one year. There are risky and life insurance. In the risky (classical) Insurance money is going to cover the client's risk and at the end of term insurance are not refundable.In life insurance may be combined with the accumulation of savings and risk functions. For example, this type of insurance is a mixed life insurance and endowment. Such insurance is a combination of investment funds and life insurance. Part of the money goes to cover the client's insurance risk, while others invested in highly reliable but low-income areas of business and brings investment interest. In the case of survivorship, upon termination of insurance the client receives the invested money back with interest. Some companies pay for the risks are not deducted from the funded part.In life insurance may be included various risks. It's insurance against accident, disability, partial disability from, from a critical illness (oncology, etc.) .. Thus, the insurance liability life insurance provides for payment of the sum insured in the following cases: survival of the insured before the insurance term, the loss of health, with occurrence of the insured's death.Should separately identify pension insurance. It is the accumulation of life insurance, but the termination of the program is tied to the retirement rights (such as in Russia, women 50, 55 or 60 years, males 55, 60 or 65 years). In some companies, the contract may act before the 75th anniversary of the insured. Insurance payments in case of survival of the insured is paid as a pension until the end of life (life annuity), a lump sum or calculated for 5, 10, 15 and 20 years at the discretion of the policyholder. This pension may have inherited a period of up to 20 years, ie in case of death of the remainder of the beneficiaries receive the accumulated amount



Accident insurance


Accident insurance is intended to compensate for damage caused by the loss ofhealth or death of the insured. It may be in the group (eg, insurance company employees) and individual forms as well as in the forms of voluntary and compulsory insurance (eg, passengers, troops and other groups).



Insurance noncompliance

Insurance losses incurred as a result of default by the counterparty.

title Insurance

Loss of property due to loss of property rights on the basis of a court decision of first instance for claims of third parties.

Political risk insurance

Insurance losses incurred as a result of the actions of the authorities (does not reallyspread in the CIS countries)

So let's see what are the types of insurance

So let's see what are the types of insurance

1 A property insurance

1.1 Insurance Apartments
1.2 Fire risks and the risks of natural disasters
1.3 in business interruption insurance
1.4 Insurance of construction risks
1.5 Vehicle Insurance
1.6 Cargo Insurance

2 Liability Insurance

2.1 General civil liability insurance to third parties
2.2 Liability insurance producer, producer services
2.3 Liability Insurance Directors and Officers (Directors & Officers liability - D & O)
2.4 Professional Liability Insurance
2.5 Employer's Liability Insurance
2.6 Liability Insurance for environmental harm
2.7 Insurance of liability of the owner of the vehicle
2.8 Insurance of liability of the owner of the vehicle when going abroad

Introduction Insurance

What is the insurance? Insurance - a special kind of economic relations, designed to provide insurance protection for people and their affairs from various dangers.

Insurance in the widest sense - includes various types of insurance (actually insurance, or primary insurance, reinsurance, coinsurance), which together provide insurance protection.

Insurance in the narrow sense of a relationship (between the insured and the insurer) to protect the property interests of individuals and legal entities (insurers) upon the occurrence of certain events (insurance claims) at the expense of funds (hedge funds) that are generated from premiums paid by them (the insurance premium .)