AUTO INSURANCES / CAR INSURANCES - auto insurance and motor vehicles, as well as drivers and passengers. In the sphere of automobile insurance include liability insurance of the owner of the vehicle for damage caused to life, health or property of third parties in connection with the operation of the vehicle or motorcycle as a source of increased risk (in most countries is mandatory).
Insurance agent - natural or legal person who has an agency agreement with an insurer and a leading insurance business on behalf of and in the interests of the insurer.
Adjusters - a person, consider the claim and arrange for settlement.
INSURANCE ACT - a document specifying the place, time, reasons, insurance loss, the amount of damage, etc., if necessary, containing the opinions of experts and other competent bodies.Compiled by the insurance company with the participation of the insured or his representative in the insurance case, is the basis for payment of insurance compensation.
ACTUARIES - a specialist in mathematical statistics and probability theory, professionally engaged in the tariff calculation, reserves and liabilities of an insurance company.
Actuarial calculations - the mathematical and statistical research methods education insurance reserves, insurance rates by type of insurance.
Underwriter - a person authorized by the insurance company to analyze, to take on the insurance (reinsurance), and reject all kinds of risks, and to classify selected risks to get on them optimal insurance premium. Underwriter is responsible for the formation of insurance (reinsurance) portfolio. Must possess the necessary knowledge and practice to establish the appropriate level of risk, premium rates and terms of insurance.
Underwriting - the process of risk analysis, risk-taking on the insurance (reinsurance) or rejection, including: evaluation; classification for insurance or no insurance, the definition of the terms, conditions, and the size of coverage, calculation of the size premium.
Annuities - an agreement or contract with an insurance company, under which an individual acquires the right to regularly received the amount from a certain time, such as retirement.
BANKING INSURANCE - the invasion of commercial banks in the insurance industry (primarily life insurance), expressed in purchasing existing insurance companies and / or (if permitted by law) organizations of the sales of insurance policies through an extensive network of bank branches and offices.
BLOCK INSURANCE - covers risks related to several types of goods being shipped from a variety of modes and the large number of small parties.
BONUS - Insurance in the amount of money in excess of ordinary income payable to the policyholder by the insurer from profiting from the investment of insurance reserves for life insurance.
INSURANCE BROKER - an insurance intermediary between the insured and the insurer is acting on behalf of their customers (policyholders) and enter into contracts of insurance on their behalf.
Broker's commission - in favor of the broker's fee for services paid from the premiums, the insurer intended.
Mutual insurance - a form of insurance, under which the policyholder is also the insurer.
COMPREHENSIVE INSURANCE POLICY - insurance exports (export credit) at a time of political and credit risks.
Beneficiary - person or entity designated by the insurance policy, beneficiary of the insurance indemnity in case the insured event.
CIVIL LIABILITY - or third-party liability - insurance agreement under which any legal or natural person having any claim to the participants of the insurance contract, referred to as a third party.
DECLARATION OF INSURANCE - Insured statement of the object and the nature of insurance risk. Includes information about the location, cost, condition, order of storage or use, technical readiness, fire or other alarm systems, as well as qualitative characteristics (brand, model, grade, structure, composition, etc.).
Discount - discount for re-insurance, which insurers can get that for a certain period of time does not permit insurance claims.
Voluntary health insurance - a form of health insurance, which assumed the payment of medical services, appeared on the Russian insurance market in 1991
Travel Insurance - a form of insurance, exercised on the basis of the contract. In contrast to compulsory insurance under which the policyholder is legally obliged to enter into a contract of insurance of the property or liability to third parties, the contract of insurance is voluntary.
Insurance contracts - an agreement between the insured and the insurer, under which one party (the insurer) accepts a conditioned reward (premium) the obligation to indemnify the other party (the insured), resulting from the stipulated in the contract of insurance adverse events, which exposed the insured property, and also the life or health insurer.
INSURED - an individual life, health and working ability which is the object of insurance protection for personal insurance.
STATEMENT OF INSURED - a written document about the desire to conclude an insurance contract, or information about the accident.
EXPRESS loss - monetary value of damage (harm) caused to property interests of the insured (the insured) as a result of the insured event, the fact that in the manner prescribed by law or contract of insurance, the insurer stated.
GREEN CARD - agreement on mutual recognition of member countries of the Agreement insurance liability insurance for owners of motor vehicles. Agreement on the green card was signed in 1953 on the recommendation of the Economic and Social Council of the UN and its members, a majority of the world. Under the Agreement an insurance policy for civil liability issued in any member country of the Agreement shall be valid on the territory of another country, a member of this Agreement. This means that if the foreign holder of such a policy is damaging to a third party in another country of residence - term agreement, and there is a corresponding responsibility, the insurance organization to which he applied, should completely recover such damages, to provide necessary help and recover incurred in this communication costs with the insurance company issuing the policy. Russia is not a member of the Agreement on the green card.
Property insurance - the insurance industry, in which the object of insurance is the property interests associated with the ownership, disposal and use of property. Insurance in cases where the risk is associated with loss of property. According to the classification of licensed insurance in the Russian Federation, Property insurance includes insurance: means of ground transport, air transport, water transport, cargo and other types of property, financial risks.
Source of increased danger - an activity associated with the operation of certain facilities, the special properties that pose an increased probability of causing harm to others.
Catastrophic risk -
loss or series of related losses that may occur in a particular place at a time;large number of potential risks;natural disaster;emergency.P & I Clubs (P & I Clubs) - the organization created by shipowners for the purpose of insurance against damages caused to third parties and is not covered by the contract of marine insurance.
Group insurance - a form of insurance applied for insurance of some persons who act as a single unit for the convenience of the administrative matters. Usually, so do employers insure their employees. Group policy issued to the employer or other representative of the insured, and team members receive certificates as evidence that they are insured.
Comprehensive insurance - comprehensive insurance coverage on several types of insurance, which guarantees an insurance contract.
Loss ratio - the ratio of insurance to the insurance money paid or payable to the earned premium.
Captive insurance companies - a subsidiary of an insurance company formed by industry and trade organizations to provide insurance protection of the parent organization. Allows you to save on insurance costs, in particular, to brokerage commissions.
LIMIT OF LIABILITY INSURER - the maximum liability of the insurer under the insurance contract, is fixed in the policy. Can be installed under a separate insurance risk or a separate occurrence.
Insurance limit - the maximum amount of money, which you can insure wealth, life, health, etc., based on the generated risk assessment.
Personal insurance - the insurance industry, in which the object of insurance is the property interests associated with the life, health, capacity for work and pensions rights.
MARINE INSURANCE - the collection of all types of insurance, providing insurance protection to property interests of the members of marine businesses from the risks related to hazards and accidents suffered by the vessel, cargo and freight. For marine insurance also includes liability insurance for shipowners.
Endowment insurance - the kind of long-term life insurance, for which the sum insured is payable if the policyholder surviving to them before the deadline or in case of death of the insured to his heirs. These policies guarantee the payment of insurance coverage (or yourself insured or his or her dependents or heirs), so they often play a dual role: as an insurance policy and as a form of investment.
ACCIDENTS - coming against the will of man sudden, short-term event (incident), which resulted in injury or death;accident, explosion, accident, traffic accident (RTA), accompanied by death, injury, loss or damage to the insured object.Insurance object - does not contradict the Russian law property interests: to the life, health, capacity for work and pensions of the insured or the insured (private insurance) related to the possession, use and disposal of property (property insurance) associated with reimbursement of the insured person caused them harm or property of an individual, as well as the harm caused by legal entity (liability insurance).
COMPULSORY INSURANCE - a form of insurance in which the relationship between the insured and the insurer arise by operation of law and do not require, as is the optional insurance, prior agreement of the parties.
Reinsurance - a system of economic relations, under which the insurer is taking on insurance risk, part of the responsibility on them (taking into account their financial capacity) is transmitted to the agreed conditions of other insurers (reinsurers) to create opportunities for a balanced insurance portfolio, ensuring financial stability and profitability of insurance operations.
Reinsurer -insurer takes on a certain part of the obligations of another insurer for insurance claims;company that specializes only in the reinsurance.POLIS - Document; is legal proof of the contract of insurance and, therefore, if necessary, can be brought to court to sue the insurer to recover from his loss.
GENERAL POLICY - an insurance contract, under which the insurer agrees to insure the insurer all a certain kind of risks in similar conditions. For example, goods received or sent to them within a specified period of time, must be insured with one insurer, and he should be responsible for all of the risks insured, including for those who have not been timely filed to insurance.
Policyholder - the policyholder or insured person.
TOTAL LOSS - irreparable loss the insurer of the insured property (ship, cargo, vehicle) as a result of occurrence of insured risks.
Placement insurer RESERVES - some government agency order in which the surplus funds of insurance reserves are used by insurers to invest in various financial instruments.
INSURANCE TERMS - Establishes the rights and obligations of parties under an insurance contract, the object of insurance, insurance claims and a list of exceptions under which the insurer is relieved of liability. Insurance regulations generally set out in the insurance policy or an integral part of the insurance contract.Approved by the head of the insurance companies and state bodies of insurance supervision.
AWARD - The amount paid by insured to the insurer for the adoption of the latest on the obligation to pay the appropriate amount when the insured event due to the conditions of the insurance contract.
Pool Reinsurance - the union of the companies to arrange reinsurance protection, where each company (as opposed to the insurance pool) carries insurance on their own, passing the pool only a part of taking responsibility.
INSURANCE POOL - association of insurance companies on the basis of the contract (agreement) for co-insurance on certain types of risk (mainly large and unknown). Based on principles of co-insurance.
PLACEMENT OF RISKS - insurance of large, expensive or dangerous risks by brokers from several insurers.
Regression - an insurer to bring a third party, is guilty of an insured event, claims to obtain compensation for damages.
INSURANCE RESERVES - Special funds created by the insurer to meet financial obligations stated to him, but not yet paid losses.
Retrocession - the process of further transmission of previously adopted in reinsurance risks.
RISK - the probability of incurring a loss or lose benefits (quantifiable uncertainty in the receipt of income or loss).
RISK non-insurance - the alleged event, may result in such losses, which can not compensate for the purchase of insurance (loss of hostilities, civil disturbances, emergencies).
Self-insurance - create your own reserve funds to cover insurance claims.
Coinsurance - insurance, in which two or more insurers are involved in insuring certain parts of the same risk by issuing a joint or separate policies, each in the sum insured in the corresponding lobe.
LIFE INSURANCE CONTRACT - the time period during which the insurance contract.
BET AWARDS - the ratio of premiums to the insurance amount.
INSURANCE COST - the amount of monetary valuation of real property interest in the insurance contract. Insurance amount can not exceed the actual value of the property insured at the time of signing the contract.
NUCLEAR RISK INSURANCE - the kind of property insurance provides compensation for material damage or personal harm from radiation exposure caused by a sudden and unforeseen circumstances in the extraction, production, storage, use and transport of nuclear fuel and radioactive substances.
Insurance for the benefit of others - an insurance contract entered into by one person in order to ensure coverage of the insurance interests of another person.
War risk insurance - the kind of property insurance against losses that may be caused as a result of hostilities, civil war, rebellion, insurrection, as well as mines, torpedoes, bombs and other destructive means. Of insurance are accepted ships, aircraft, cargo carried by them and other property.
INSURANCE GUARANTEE PERFORMANCE OF THE CONTRACT - the kind of liability insurance, aimed at guaranteeing the financial solvency of the contractor during contract performance.
Liability insurance - liability for injury or damage which may be caused to property or life and health of third parties resulting from the use of dangerous objects or management of such facilities (for example, means of transport. Liability may also be associated with the commission of an unintentional violation or breach of contractual obligations.
Liability insurance VEHICLES - If liability insurance the insurer pays to third parties (or reimburse the insured) a sum which the policyholder must pay (or paid) to any third party for the harm they have in operation the means of transport harm: death, mutilation or other injury to, destruction of and property damage.
INSURANCE - the kind of property insurance, under which are recoverable damages, costs and fees due to damage or destruction (loss) of cargo (goods, luggage or other goods), irrespective of the mode of transportation.
INSURANCE FUNDS - the kind of property insurance against the risk of armed robbery term "cash" wide and includes cash, checks, tax stamps.
Deposit Insurance - the kind of property insurance, under which depositors are guaranteed repayment of their deposits in case of a declared insolvent banks, and as a result of their bankruptcies.
Home contents insurance - the kind of property insurance, the object of which Home Furnishings, Appliances and consumption (furniture, tableware, clothing and footwear, household appliances, food, personal ornaments, paintings, sculptures, etc.).
INSURANCE ADDITIONAL CHARGES - the kind of property insurance that covers additional costs associated with unforeseen circumstances
.
INSURANCE "common interests" - the kind of property insurance, which insures the lender the right to property purchased on credit.
LIFE INSURANCE - the kind of personal insurance that pays a certain amount of money in the event of death of the person insured his life, but in the case of endowment insurance is paid in connection with the death of a person whose life was insured, or after a specified time period - depending on whether , whichever is earlier.
HEALTH OF ANIMALS - the kind of property insurance, a kind of insurance domestic, agricultural, sporting and other animals.
Property insurance against fire - the form of property insurance, objects whose buildings, equipment, exhibits and exhibitions, etc.Under the terms of insurance will be reimbursed losses from damage or destruction of insured property by fire, lightning, explosion of gas consumed for domestic purposes, even if lightning or a gas explosion did not cause a fire.
CASCO insurance - an insurance term used to refer to insurance only the means of transport, does not include insurance of passengers transported property, third party liability, etc.
COMBINED INSURANCE - the kind of property insurance heterogeneous objects from a variety of risks in one insurance policy.
Credit insurance - the kind of property insurance, which provides continuation of payments in the repayment of certain debts if the policyholder will be unable to do so due to illness, death, loss of employment or at any predetermined reason.
INSURANCE for bad weather - the kind of property insurance, the object of which stands the organization of major sporting and entertainment events at public venues (stadiums, squares, etc.).Costs incurred in organizing such events pay off by viewers, advertising, display on TV or record on the radio and other risks of adverse outcomes for the entrepreneur could be bad weather (heavy rain, wind, snow or other weather surprises), which can lead to cancellation of the event.
INSURANCE "all risk" - the kind of property insurance covers many, but certainly not all the risks. In the insurance contract of this type is not listed those risks against which the insurance is, and those from whom insurance coverage is not provided.
Theft insurance - the kind of property insurance in which the owner of personal property receives insurance compensation for damage caused by:
forced entry to the premises or out of it by force;only forced entry to the site.Accident insurance - the kind of personal insurance policy entitles the holder to receive a certain sum of money for body parts damaged in an accident.
INSURANCE interruption - the kind of property insurance that covers the financial losses incurred as a result of stopping or reducing the activity of the enterprise due to fire or any other insurance risk.
INSURANCE FROM CRIMINAL USE OF ELECTRONICS AND COMPUTERS - form of property insurance that is associated with the risk of losses caused by incapacitate themselves of electronic systems or change information contained in electronic systems, for unauthorized access to these systems intruders. True for electronic payment systems of banks.
INSURANCE manufacturing defect - the kind of property insurance that covers the financial loss from defects in the product.
INSURANCE PERSONAL INSURANCE - the kind of property insurance, insurance facilities whose buildings, machinery, spare parts, materials and equipment intended for the construction and installation and are on a construction site specified in the contract of insurance.
Liability insurance - the insurance industry, the insurer undertakes to indemnify the insured amount to be paid to them to third parties for damages.
INSURANCE LIABILITY TO THIRD PARTIES UNDER CONSTRUCTION - assembly work - a type of insurance liability, under which the insurer may be accepted responsibility for the harm caused to person and property of third parties in accidents during construction, erection and commissioning works, and during the warranty period operation.
LIABILITY INSURANCE IN THE PRODUCTION OF DESIGN, ENGINEERING AND OTHER WORKS - the kind of liability insurance in which policyholders are the planners and organizers of roads, sewerage, plumbing and heating systems, designers of building bridges, firm or person responsible for maintenance of elevators and escalators, designers and builders of industrial buildings and residential houses, etc.
MANUFACTURER'S LIABILITY INSURANCE - Liability insurance, covers any compensation to which the insured is legally bound to pay the dead, injured or victims of property losses to customers due to a defect in the produced or realized the insured product.
Employer's Liability Insurance - Liability insurance, historically considered separately from other types of liability insurance.Employer's liability insurance policy covered liability arising from the law for bodily injury (including death) and disease directly related to industrial activity and occur in the implementation of the victims of their duties under the employment agreement.
Political risk insurance - the kind of property insurance, related to foreign trade and foreign investment. These risks include the risks of default on trade contracts and loans as a result of the embargo on exports and imports, ban the transfer of currency, expropriation of foreign assets, as well as the risks of default by importers - governmental organizations.
Professional Indemnity Insurance - insurance-related liability for financial losses of third parties that may be caused by "acts, errors and omissions."
INSURANCE OF MOTOR VEHICLES - the kind of property insurance, to which the international practice is to assign insurance cars, trucks, buses, motorcycles, boats, motor boats and other means of transport.
Marine hull - the kind of property insurance, in international practice there are several variants of the standard clauses for the term:
full terms of insurance;insurance conditions no liability for particular average;insurance conditions, without liability for damage;insurance terms and conditions only on the total loss.
INSURANCE TECHNICAL RISK - the kind of property insurance, which includes: Erection Insurance, Machinery breakdown insurance, post-launch of warranty, insurance, electronic equipment, third party insurance for construction works.
INSURANCE Commodity stocks - the kind of property insurance, accumulated and sold by commercial vendors of goods to certain risks and all risks.
Environmental risk insurance - types of property insurance or liability insurance for the risks associated with environmental pollution.
INSURANCE ELECTRONIC EQUIPMENT FROM RISKS ASSOCIATED WITH ITS USE - form of property insurance, based on standard conditions Machinery breakdown insurance tailored the insured objects, referring to their high saturation of electronics.
Insured - person or entity that is party to a contract of insurance, which pays premiums and is entitled by law or by contract to receive when the insured event reimbursement within the responsibility of the insured or the insured amount specified in the Contract. AS may enter into a contract of insurance in its favor and in favor of another person (the beneficiary).
Insurance payments - any payments made in accordance with the terms of the insurance contract.
INSURANCE PROTECTION - total liabilities of the insurer to ensure the requirements of an insurance product.
Insurance cost - the cost, in which the insurer estimates the object of insurance, is determined by agreement between the insurer and the insured.
The sum insured - the insurer is declared in the insurance contract amount by which the insurer insures its own interest. The sum insured in the property insurance must not exceed the insured value of the insured object.
COMPENSATION INSURANCE - The amount paid by the insurer to the insured damages caused by the insured as provided by the insurance contract.
Insured Event - a circumstance specified in the insurance contract (voluntary insurance) or law (compulsory insurance) as an event for which the insurer is obliged to perform its obligations under the insurance benefit.
Insurance risk - the alleged dangerous event in the event of attack is carried insurance. The event, regarded as an insurance risk must be characteristic of probability and randomness of its occurrence.
INSURANCE CASE - Take event stipulated in the insurance contract or by law, with the onset of which occurs the insurer's obligation to make insurance payments to the insured, the insured person, beneficiary or other third parties.
INSURER - the legal entity licensed to carry on insurance business, which takes over on an insurance contract for a fee (premium) the obligation to reimburse the insurer or other person to whom the Insurance, losses incurred as a result of the occurrence of insurance claims arising from the contract .
SUBROGATION - go to the insurer rights of the insured for damages (for example, to recover damages from the third (guilty) person or to dispose of a cargo or part thereof) after the payment of insurance compensation insurer.
Surveyor - Expert, undertaken at the request of the insured or the insurer's inspection of the insured or to be insured ships and cargoes. Surveyor shall determine the status of the examined property determines the nature and extent of its damage.
TENDER - for insurance:prompt insurers to participate in the contest for the right to sell policies in certain types of insurance (usually municipal property insurance, commercial and residential premises, etc.);the process of competition;claim for payment of debts;offer the insurance company to purchase its shares at a specified price.Title Insurance - insurance against the risk of loss resulting from defects title of ownership (title deed to land, real estate and other assets), found, for example, after purchasing an asset.
Third person - in insurance, third parties do not participate in the insurance contract, but under certain circumstances, acquire the appropriate right of claim to the insured arising from the conditions of this contract.
LOSS - a term related to the practice of insurance several meanings: 1) to be reimbursed by the insurer damage to insured property as a result of the insured event;
SETTLEMENT OF CLAIMS - final announcement regarding the payment and the payment of money to claim.
Damage - Insured losses in monetary terms as a result of the loss.
Facultative reinsurance - a method of reinsurance under which the assignor has no obligations to the reinsurer by surrender of a risk for reinsurance. Assignor decides when, how and under what conditions transfer risks in reinsurance. Reinsurer is also not obliged to accept the risk.
DEDUCTIBLE - under the terms of the contract of insurance the insurer exemption from payment of damages, not exceeding a certain size. Distinguish between conventional (non-deductible) and unconditional (deductible) franchise. Conditional franchise means that if the loss of the insured event did not exceed the amount specified deductible, the insurer for such loss did not pay.In that case, if the loss exceeded the deductible, then such loss shall be compensated in full. Unlike the unconditional franchise is that if the loss exceeded the deductible, the amount of loss paid, net of deductible, ie, in any case the amount paid minus the deductible.
Insurance agent - natural or legal person who has an agency agreement with an insurer and a leading insurance business on behalf of and in the interests of the insurer.
Adjusters - a person, consider the claim and arrange for settlement.
INSURANCE ACT - a document specifying the place, time, reasons, insurance loss, the amount of damage, etc., if necessary, containing the opinions of experts and other competent bodies.Compiled by the insurance company with the participation of the insured or his representative in the insurance case, is the basis for payment of insurance compensation.
ACTUARIES - a specialist in mathematical statistics and probability theory, professionally engaged in the tariff calculation, reserves and liabilities of an insurance company.
Actuarial calculations - the mathematical and statistical research methods education insurance reserves, insurance rates by type of insurance.
Underwriter - a person authorized by the insurance company to analyze, to take on the insurance (reinsurance), and reject all kinds of risks, and to classify selected risks to get on them optimal insurance premium. Underwriter is responsible for the formation of insurance (reinsurance) portfolio. Must possess the necessary knowledge and practice to establish the appropriate level of risk, premium rates and terms of insurance.
Underwriting - the process of risk analysis, risk-taking on the insurance (reinsurance) or rejection, including: evaluation; classification for insurance or no insurance, the definition of the terms, conditions, and the size of coverage, calculation of the size premium.
Annuities - an agreement or contract with an insurance company, under which an individual acquires the right to regularly received the amount from a certain time, such as retirement.
BANKING INSURANCE - the invasion of commercial banks in the insurance industry (primarily life insurance), expressed in purchasing existing insurance companies and / or (if permitted by law) organizations of the sales of insurance policies through an extensive network of bank branches and offices.
BLOCK INSURANCE - covers risks related to several types of goods being shipped from a variety of modes and the large number of small parties.
BONUS - Insurance in the amount of money in excess of ordinary income payable to the policyholder by the insurer from profiting from the investment of insurance reserves for life insurance.
INSURANCE BROKER - an insurance intermediary between the insured and the insurer is acting on behalf of their customers (policyholders) and enter into contracts of insurance on their behalf.
Broker's commission - in favor of the broker's fee for services paid from the premiums, the insurer intended.
Mutual insurance - a form of insurance, under which the policyholder is also the insurer.
COMPREHENSIVE INSURANCE POLICY - insurance exports (export credit) at a time of political and credit risks.
Beneficiary - person or entity designated by the insurance policy, beneficiary of the insurance indemnity in case the insured event.
CIVIL LIABILITY - or third-party liability - insurance agreement under which any legal or natural person having any claim to the participants of the insurance contract, referred to as a third party.
DECLARATION OF INSURANCE - Insured statement of the object and the nature of insurance risk. Includes information about the location, cost, condition, order of storage or use, technical readiness, fire or other alarm systems, as well as qualitative characteristics (brand, model, grade, structure, composition, etc.).
Discount - discount for re-insurance, which insurers can get that for a certain period of time does not permit insurance claims.
Voluntary health insurance - a form of health insurance, which assumed the payment of medical services, appeared on the Russian insurance market in 1991
Travel Insurance - a form of insurance, exercised on the basis of the contract. In contrast to compulsory insurance under which the policyholder is legally obliged to enter into a contract of insurance of the property or liability to third parties, the contract of insurance is voluntary.
Insurance contracts - an agreement between the insured and the insurer, under which one party (the insurer) accepts a conditioned reward (premium) the obligation to indemnify the other party (the insured), resulting from the stipulated in the contract of insurance adverse events, which exposed the insured property, and also the life or health insurer.
INSURED - an individual life, health and working ability which is the object of insurance protection for personal insurance.
STATEMENT OF INSURED - a written document about the desire to conclude an insurance contract, or information about the accident.
EXPRESS loss - monetary value of damage (harm) caused to property interests of the insured (the insured) as a result of the insured event, the fact that in the manner prescribed by law or contract of insurance, the insurer stated.
GREEN CARD - agreement on mutual recognition of member countries of the Agreement insurance liability insurance for owners of motor vehicles. Agreement on the green card was signed in 1953 on the recommendation of the Economic and Social Council of the UN and its members, a majority of the world. Under the Agreement an insurance policy for civil liability issued in any member country of the Agreement shall be valid on the territory of another country, a member of this Agreement. This means that if the foreign holder of such a policy is damaging to a third party in another country of residence - term agreement, and there is a corresponding responsibility, the insurance organization to which he applied, should completely recover such damages, to provide necessary help and recover incurred in this communication costs with the insurance company issuing the policy. Russia is not a member of the Agreement on the green card.
Property insurance - the insurance industry, in which the object of insurance is the property interests associated with the ownership, disposal and use of property. Insurance in cases where the risk is associated with loss of property. According to the classification of licensed insurance in the Russian Federation, Property insurance includes insurance: means of ground transport, air transport, water transport, cargo and other types of property, financial risks.
Source of increased danger - an activity associated with the operation of certain facilities, the special properties that pose an increased probability of causing harm to others.
Catastrophic risk -
loss or series of related losses that may occur in a particular place at a time;large number of potential risks;natural disaster;emergency.P & I Clubs (P & I Clubs) - the organization created by shipowners for the purpose of insurance against damages caused to third parties and is not covered by the contract of marine insurance.
Group insurance - a form of insurance applied for insurance of some persons who act as a single unit for the convenience of the administrative matters. Usually, so do employers insure their employees. Group policy issued to the employer or other representative of the insured, and team members receive certificates as evidence that they are insured.
Comprehensive insurance - comprehensive insurance coverage on several types of insurance, which guarantees an insurance contract.
Loss ratio - the ratio of insurance to the insurance money paid or payable to the earned premium.
Captive insurance companies - a subsidiary of an insurance company formed by industry and trade organizations to provide insurance protection of the parent organization. Allows you to save on insurance costs, in particular, to brokerage commissions.
LIMIT OF LIABILITY INSURER - the maximum liability of the insurer under the insurance contract, is fixed in the policy. Can be installed under a separate insurance risk or a separate occurrence.
Insurance limit - the maximum amount of money, which you can insure wealth, life, health, etc., based on the generated risk assessment.
Personal insurance - the insurance industry, in which the object of insurance is the property interests associated with the life, health, capacity for work and pensions rights.
MARINE INSURANCE - the collection of all types of insurance, providing insurance protection to property interests of the members of marine businesses from the risks related to hazards and accidents suffered by the vessel, cargo and freight. For marine insurance also includes liability insurance for shipowners.
Endowment insurance - the kind of long-term life insurance, for which the sum insured is payable if the policyholder surviving to them before the deadline or in case of death of the insured to his heirs. These policies guarantee the payment of insurance coverage (or yourself insured or his or her dependents or heirs), so they often play a dual role: as an insurance policy and as a form of investment.
ACCIDENTS - coming against the will of man sudden, short-term event (incident), which resulted in injury or death;accident, explosion, accident, traffic accident (RTA), accompanied by death, injury, loss or damage to the insured object.Insurance object - does not contradict the Russian law property interests: to the life, health, capacity for work and pensions of the insured or the insured (private insurance) related to the possession, use and disposal of property (property insurance) associated with reimbursement of the insured person caused them harm or property of an individual, as well as the harm caused by legal entity (liability insurance).
COMPULSORY INSURANCE - a form of insurance in which the relationship between the insured and the insurer arise by operation of law and do not require, as is the optional insurance, prior agreement of the parties.
Reinsurance - a system of economic relations, under which the insurer is taking on insurance risk, part of the responsibility on them (taking into account their financial capacity) is transmitted to the agreed conditions of other insurers (reinsurers) to create opportunities for a balanced insurance portfolio, ensuring financial stability and profitability of insurance operations.
Reinsurer -insurer takes on a certain part of the obligations of another insurer for insurance claims;company that specializes only in the reinsurance.POLIS - Document; is legal proof of the contract of insurance and, therefore, if necessary, can be brought to court to sue the insurer to recover from his loss.
GENERAL POLICY - an insurance contract, under which the insurer agrees to insure the insurer all a certain kind of risks in similar conditions. For example, goods received or sent to them within a specified period of time, must be insured with one insurer, and he should be responsible for all of the risks insured, including for those who have not been timely filed to insurance.
Policyholder - the policyholder or insured person.
TOTAL LOSS - irreparable loss the insurer of the insured property (ship, cargo, vehicle) as a result of occurrence of insured risks.
Placement insurer RESERVES - some government agency order in which the surplus funds of insurance reserves are used by insurers to invest in various financial instruments.
INSURANCE TERMS - Establishes the rights and obligations of parties under an insurance contract, the object of insurance, insurance claims and a list of exceptions under which the insurer is relieved of liability. Insurance regulations generally set out in the insurance policy or an integral part of the insurance contract.Approved by the head of the insurance companies and state bodies of insurance supervision.
AWARD - The amount paid by insured to the insurer for the adoption of the latest on the obligation to pay the appropriate amount when the insured event due to the conditions of the insurance contract.
Pool Reinsurance - the union of the companies to arrange reinsurance protection, where each company (as opposed to the insurance pool) carries insurance on their own, passing the pool only a part of taking responsibility.
INSURANCE POOL - association of insurance companies on the basis of the contract (agreement) for co-insurance on certain types of risk (mainly large and unknown). Based on principles of co-insurance.
PLACEMENT OF RISKS - insurance of large, expensive or dangerous risks by brokers from several insurers.
Regression - an insurer to bring a third party, is guilty of an insured event, claims to obtain compensation for damages.
INSURANCE RESERVES - Special funds created by the insurer to meet financial obligations stated to him, but not yet paid losses.
Retrocession - the process of further transmission of previously adopted in reinsurance risks.
RISK - the probability of incurring a loss or lose benefits (quantifiable uncertainty in the receipt of income or loss).
RISK non-insurance - the alleged event, may result in such losses, which can not compensate for the purchase of insurance (loss of hostilities, civil disturbances, emergencies).
Self-insurance - create your own reserve funds to cover insurance claims.
Coinsurance - insurance, in which two or more insurers are involved in insuring certain parts of the same risk by issuing a joint or separate policies, each in the sum insured in the corresponding lobe.
LIFE INSURANCE CONTRACT - the time period during which the insurance contract.
BET AWARDS - the ratio of premiums to the insurance amount.
INSURANCE COST - the amount of monetary valuation of real property interest in the insurance contract. Insurance amount can not exceed the actual value of the property insured at the time of signing the contract.
NUCLEAR RISK INSURANCE - the kind of property insurance provides compensation for material damage or personal harm from radiation exposure caused by a sudden and unforeseen circumstances in the extraction, production, storage, use and transport of nuclear fuel and radioactive substances.
Insurance for the benefit of others - an insurance contract entered into by one person in order to ensure coverage of the insurance interests of another person.
War risk insurance - the kind of property insurance against losses that may be caused as a result of hostilities, civil war, rebellion, insurrection, as well as mines, torpedoes, bombs and other destructive means. Of insurance are accepted ships, aircraft, cargo carried by them and other property.
INSURANCE GUARANTEE PERFORMANCE OF THE CONTRACT - the kind of liability insurance, aimed at guaranteeing the financial solvency of the contractor during contract performance.
Liability insurance - liability for injury or damage which may be caused to property or life and health of third parties resulting from the use of dangerous objects or management of such facilities (for example, means of transport. Liability may also be associated with the commission of an unintentional violation or breach of contractual obligations.
Liability insurance VEHICLES - If liability insurance the insurer pays to third parties (or reimburse the insured) a sum which the policyholder must pay (or paid) to any third party for the harm they have in operation the means of transport harm: death, mutilation or other injury to, destruction of and property damage.
INSURANCE - the kind of property insurance, under which are recoverable damages, costs and fees due to damage or destruction (loss) of cargo (goods, luggage or other goods), irrespective of the mode of transportation.
INSURANCE FUNDS - the kind of property insurance against the risk of armed robbery term "cash" wide and includes cash, checks, tax stamps.
Deposit Insurance - the kind of property insurance, under which depositors are guaranteed repayment of their deposits in case of a declared insolvent banks, and as a result of their bankruptcies.
Home contents insurance - the kind of property insurance, the object of which Home Furnishings, Appliances and consumption (furniture, tableware, clothing and footwear, household appliances, food, personal ornaments, paintings, sculptures, etc.).
INSURANCE ADDITIONAL CHARGES - the kind of property insurance that covers additional costs associated with unforeseen circumstances
.
INSURANCE "common interests" - the kind of property insurance, which insures the lender the right to property purchased on credit.
LIFE INSURANCE - the kind of personal insurance that pays a certain amount of money in the event of death of the person insured his life, but in the case of endowment insurance is paid in connection with the death of a person whose life was insured, or after a specified time period - depending on whether , whichever is earlier.
HEALTH OF ANIMALS - the kind of property insurance, a kind of insurance domestic, agricultural, sporting and other animals.
Property insurance against fire - the form of property insurance, objects whose buildings, equipment, exhibits and exhibitions, etc.Under the terms of insurance will be reimbursed losses from damage or destruction of insured property by fire, lightning, explosion of gas consumed for domestic purposes, even if lightning or a gas explosion did not cause a fire.
CASCO insurance - an insurance term used to refer to insurance only the means of transport, does not include insurance of passengers transported property, third party liability, etc.
COMBINED INSURANCE - the kind of property insurance heterogeneous objects from a variety of risks in one insurance policy.
Credit insurance - the kind of property insurance, which provides continuation of payments in the repayment of certain debts if the policyholder will be unable to do so due to illness, death, loss of employment or at any predetermined reason.
INSURANCE for bad weather - the kind of property insurance, the object of which stands the organization of major sporting and entertainment events at public venues (stadiums, squares, etc.).Costs incurred in organizing such events pay off by viewers, advertising, display on TV or record on the radio and other risks of adverse outcomes for the entrepreneur could be bad weather (heavy rain, wind, snow or other weather surprises), which can lead to cancellation of the event.
INSURANCE "all risk" - the kind of property insurance covers many, but certainly not all the risks. In the insurance contract of this type is not listed those risks against which the insurance is, and those from whom insurance coverage is not provided.
Theft insurance - the kind of property insurance in which the owner of personal property receives insurance compensation for damage caused by:
forced entry to the premises or out of it by force;only forced entry to the site.Accident insurance - the kind of personal insurance policy entitles the holder to receive a certain sum of money for body parts damaged in an accident.
INSURANCE interruption - the kind of property insurance that covers the financial losses incurred as a result of stopping or reducing the activity of the enterprise due to fire or any other insurance risk.
INSURANCE FROM CRIMINAL USE OF ELECTRONICS AND COMPUTERS - form of property insurance that is associated with the risk of losses caused by incapacitate themselves of electronic systems or change information contained in electronic systems, for unauthorized access to these systems intruders. True for electronic payment systems of banks.
INSURANCE manufacturing defect - the kind of property insurance that covers the financial loss from defects in the product.
INSURANCE PERSONAL INSURANCE - the kind of property insurance, insurance facilities whose buildings, machinery, spare parts, materials and equipment intended for the construction and installation and are on a construction site specified in the contract of insurance.
Liability insurance - the insurance industry, the insurer undertakes to indemnify the insured amount to be paid to them to third parties for damages.
INSURANCE LIABILITY TO THIRD PARTIES UNDER CONSTRUCTION - assembly work - a type of insurance liability, under which the insurer may be accepted responsibility for the harm caused to person and property of third parties in accidents during construction, erection and commissioning works, and during the warranty period operation.
LIABILITY INSURANCE IN THE PRODUCTION OF DESIGN, ENGINEERING AND OTHER WORKS - the kind of liability insurance in which policyholders are the planners and organizers of roads, sewerage, plumbing and heating systems, designers of building bridges, firm or person responsible for maintenance of elevators and escalators, designers and builders of industrial buildings and residential houses, etc.
MANUFACTURER'S LIABILITY INSURANCE - Liability insurance, covers any compensation to which the insured is legally bound to pay the dead, injured or victims of property losses to customers due to a defect in the produced or realized the insured product.
Employer's Liability Insurance - Liability insurance, historically considered separately from other types of liability insurance.Employer's liability insurance policy covered liability arising from the law for bodily injury (including death) and disease directly related to industrial activity and occur in the implementation of the victims of their duties under the employment agreement.
Political risk insurance - the kind of property insurance, related to foreign trade and foreign investment. These risks include the risks of default on trade contracts and loans as a result of the embargo on exports and imports, ban the transfer of currency, expropriation of foreign assets, as well as the risks of default by importers - governmental organizations.
Professional Indemnity Insurance - insurance-related liability for financial losses of third parties that may be caused by "acts, errors and omissions."
INSURANCE OF MOTOR VEHICLES - the kind of property insurance, to which the international practice is to assign insurance cars, trucks, buses, motorcycles, boats, motor boats and other means of transport.
Marine hull - the kind of property insurance, in international practice there are several variants of the standard clauses for the term:
full terms of insurance;insurance conditions no liability for particular average;insurance conditions, without liability for damage;insurance terms and conditions only on the total loss.
INSURANCE TECHNICAL RISK - the kind of property insurance, which includes: Erection Insurance, Machinery breakdown insurance, post-launch of warranty, insurance, electronic equipment, third party insurance for construction works.
INSURANCE Commodity stocks - the kind of property insurance, accumulated and sold by commercial vendors of goods to certain risks and all risks.
Environmental risk insurance - types of property insurance or liability insurance for the risks associated with environmental pollution.
INSURANCE ELECTRONIC EQUIPMENT FROM RISKS ASSOCIATED WITH ITS USE - form of property insurance, based on standard conditions Machinery breakdown insurance tailored the insured objects, referring to their high saturation of electronics.
Insured - person or entity that is party to a contract of insurance, which pays premiums and is entitled by law or by contract to receive when the insured event reimbursement within the responsibility of the insured or the insured amount specified in the Contract. AS may enter into a contract of insurance in its favor and in favor of another person (the beneficiary).
Insurance payments - any payments made in accordance with the terms of the insurance contract.
INSURANCE PROTECTION - total liabilities of the insurer to ensure the requirements of an insurance product.
Insurance cost - the cost, in which the insurer estimates the object of insurance, is determined by agreement between the insurer and the insured.
The sum insured - the insurer is declared in the insurance contract amount by which the insurer insures its own interest. The sum insured in the property insurance must not exceed the insured value of the insured object.
COMPENSATION INSURANCE - The amount paid by the insurer to the insured damages caused by the insured as provided by the insurance contract.
Insured Event - a circumstance specified in the insurance contract (voluntary insurance) or law (compulsory insurance) as an event for which the insurer is obliged to perform its obligations under the insurance benefit.
Insurance risk - the alleged dangerous event in the event of attack is carried insurance. The event, regarded as an insurance risk must be characteristic of probability and randomness of its occurrence.
INSURANCE CASE - Take event stipulated in the insurance contract or by law, with the onset of which occurs the insurer's obligation to make insurance payments to the insured, the insured person, beneficiary or other third parties.
INSURER - the legal entity licensed to carry on insurance business, which takes over on an insurance contract for a fee (premium) the obligation to reimburse the insurer or other person to whom the Insurance, losses incurred as a result of the occurrence of insurance claims arising from the contract .
SUBROGATION - go to the insurer rights of the insured for damages (for example, to recover damages from the third (guilty) person or to dispose of a cargo or part thereof) after the payment of insurance compensation insurer.
Surveyor - Expert, undertaken at the request of the insured or the insurer's inspection of the insured or to be insured ships and cargoes. Surveyor shall determine the status of the examined property determines the nature and extent of its damage.
TENDER - for insurance:prompt insurers to participate in the contest for the right to sell policies in certain types of insurance (usually municipal property insurance, commercial and residential premises, etc.);the process of competition;claim for payment of debts;offer the insurance company to purchase its shares at a specified price.Title Insurance - insurance against the risk of loss resulting from defects title of ownership (title deed to land, real estate and other assets), found, for example, after purchasing an asset.
Third person - in insurance, third parties do not participate in the insurance contract, but under certain circumstances, acquire the appropriate right of claim to the insured arising from the conditions of this contract.
LOSS - a term related to the practice of insurance several meanings: 1) to be reimbursed by the insurer damage to insured property as a result of the insured event;
SETTLEMENT OF CLAIMS - final announcement regarding the payment and the payment of money to claim.
Damage - Insured losses in monetary terms as a result of the loss.
Facultative reinsurance - a method of reinsurance under which the assignor has no obligations to the reinsurer by surrender of a risk for reinsurance. Assignor decides when, how and under what conditions transfer risks in reinsurance. Reinsurer is also not obliged to accept the risk.
DEDUCTIBLE - under the terms of the contract of insurance the insurer exemption from payment of damages, not exceeding a certain size. Distinguish between conventional (non-deductible) and unconditional (deductible) franchise. Conditional franchise means that if the loss of the insured event did not exceed the amount specified deductible, the insurer for such loss did not pay.In that case, if the loss exceeded the deductible, then such loss shall be compensated in full. Unlike the unconditional franchise is that if the loss exceeded the deductible, the amount of loss paid, net of deductible, ie, in any case the amount paid minus the deductible.
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