What is insurance funds entering the market? What is his concept?

1. Definition of insurance: Insurance refers to the commercial insurance behavior in which the applicant pays the insurance premium to the insurer according to the contract, and the insurer bears the responsibility of paying the insurance premium for the property losses caused by the possible accidents agreed in the contract, or when the insured dies, suffers from disability, illness or reaches the age and time limit agreed in the contract. (This is the definition of insurance in the insurance law)

2, the function of insurance:

(1), the function of economic compensation is the foundation of insurance, which can best reflect the characteristics and core competitiveness of the insurance industry.

(2) The financing function refers to reinvesting the idle part of the formed insurance funds in the social reproduction process. Personally, this is also the reason why the insurance industry is positioned in the financial industry rather than the service industry.

(3) Social management function refers to the process of regulating the whole society and its various links, with the aim of giving full play to the functions of various systems, departments and links, and realizing harmonious social relations, benign operation and effective management of the whole society. It mainly includes social security management, social risk management, social relationship management and social credit management.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.