Extended data:
Insurance (insurance or insurance for short)
Insurance means safety and reliability; Later, it was extended to a guarantee mechanism, a tool for planning life finance, a basic means of risk management under the condition of market economy, and an important pillar of financial system and social security system.
Insurance? It refers to the commercial insurance behavior that the applicant pays the insurance premium to the insurer according to the contract, and the insurer bears the responsibility of paying the insurance premium when the property losses are caused by the possible accidents agreed in the contract, or when the insured dies, is disabled, is sick or reaches the age and time limit agreed in the contract.
insurance company
An insurance company refers to a company as a legal person established in accordance with the Insurance Law and the Company Law. Insurance companies collect premiums, invest the premium capital in bonds, stocks, loans and other assets, and use the income of these assets to pay the insurance compensation determined in the policy. Through the above business, insurance companies can get high return on investment, provide customers with appropriate insurance services at lower premiums, and make profits.
The business of insurance companies is divided into two categories: (1) personal insurance business, including life insurance, health insurance, accident insurance and other insurance businesses. (2) Property insurance business, including property loss insurance, liability insurance, credit insurance, guarantee insurance and other insurance business. Insurance companies in China are generally not allowed to operate life insurance business and property insurance business at the same time.
References:
Baidu encyclopedia-insurance