Understanding Insurance

Understanding Insurance according to specialists or experts, insurance is the coverage of the insurer to the insured, this sense arises because insurance word is derived from the Dutch language in the law Assurantie called verzekering, which means the coverage.The world goes without insurance plays an important role by providing protection against the arrival of entrepreneurs beyond expectations, on the other hand the insurance company can hold his life through premiums received from insured.

A lot of understanding of insurance, specialists or experts in the world to give understanding about insurance.

Insurance definition previously given various perspectives, Namely the standpoint of economics, law, business social or but nothing unique on the fifth point of view.

The following terms of insurance according to the experts:

• According Robet I Mehr, insurance is a means to reduce risk by combine-risk units so that individual losses can be predicted.These losses can be predicted is then divided and distributed proportionately among all units in the combined units.
• According Mark R Greene insurance is that institutions reduce risk by combine under the management of the group and group objects in such condition that it suffered losses occurred by group that was predictable within the scope of a more detailed.
• According to Attur C JR William and Richard M Hein insurance is a tool where the risk of two or more persons or companies incorporated company through premium contributions are defined or determined as spoken funds to pay claims.
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• According Khoiril Anwar insurance is one way for businesses to reduce the risk of loss that may occur in a business transaction.Insurance will help to reimburse the losses so that the losses suffered by businesses would be minimized.
• According Mamat Ruhimat insurance is an agreement between two or more parties with the name binding to insured to receive insurance premium to provide damages to the insured.
• According Edy Suryanto Soegoto is managed loss insurance through the risk transfer to insurance companies, who agreed to indemnify the insured for the losses, to provide benefits in another currency at an event, or provide services related to risk.
• According to the Law of 1992 RI insurance is an agreement between two or more parties where site is binding to the insured to receive insurance premium to give the turn to the insured for loss,damage or loss of expected profit.Or legal liability to third parties which may be suffered dependent, which arise of uncertain events or provide payments based upon the death or life.
• According to Wikipedia Indonesian free encyclopedia, insurance is a term used to refer to actions, systems or business where the financial protection of life, property, health and others to get a succession of acts that can not be predicted to occur such as death, loss, damage or pain where to get the premium in regularly in a certain time ranges instead of policies to guarantee such protection.

So first explanation from me about the notion of insurance and may be useful for all of us.In blog we share, by exchanging opinions.Thanks on your visit my article.