Insurance management
Introduction
Insurance or assurance[1] is a contract, called insurance policy, by which an Insurance Company (the insurer) undertakes, by collecting a premium "Premium (insurance)") and in the event that the event occurs whose risk is the subject of coverage, to compensate, within the agreed limits, the damage caused to the insured; either through capital, income, or through the provision of a service. This contract involves: the insurer, which must always be an insurance company, which is the entity responsible for coverage in the event of an accident; the insured, owner of the insurance policy and responsible for paying the corresponding premium; and the beneficiary, who is the person who will collect the corresponding compensation in the event of an accident. These three figures do not always have to be the same person and they can all be different.
There may also be one more figure, the insurance agent, who is the person who mediates between the insured and the insurance company before the purchase of the insurance policy, at the time of formalization (purchase) and after the purchase (necessary modifications, claims processing, etc.). On the other hand, there are also other figures such as insurance comparators, which are usually online platforms that issue non-binding insurance offers and that allow an estimate of what the insurance prices could be.
The amount of money charged for insurance is called the premium. The premium guarantees that the insurer is obliged to fulfill the benefits it has promised to the policyholder.
Risk management, which is the practice of risk assessment and control, has developed as a discrete field of study and practice.
The transaction involves the insured assuming a relatively small and known loss in the form of payment of a premium to the insurer in exchange for the insurance company's guarantee to compensate (indemnify) the insured in the event of a financial or business loss.
The insured receives a contract, called the insurance policy, that details the conditions and circumstances under which the insured will be compensated.
Insurance classification
Contenido
Desde un punto de vista matemático, el seguro transforma los riesgos a los que están sometidos las personas en probabilidades soportables a través de una organización. El seguro se configura como una pieza básica de la actual estructura social.[2] La institución del seguro tiene dos grandes manifestaciones en la sociedad:.