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1、1. There are both Primary and Secondary Functions connected with insurance.Primary Function : The basic function of insurance is to transfer risk and loss-sharing features, as well as economic compensation and insurance payment function. It is in line with the initial motivation of people to cope wi
2、th risks, is the most important function of insurance. Secondary Functions :Secondary Functions may be direct or indirect.Direct functions : the stimulation of business activities. the solution to social difficulties.the removal of business distractions and problems.the promotion of less prevention.
3、the production of invisible exports.EX: The stimulation of business activities. Any one of the operating companies will have potential risks, including the company building, machinery and equipment, and even computer security systems, etc., will be at risk, so there will always lose. The cost of ins
4、urance can be transferred to the insurance company may lose, this will reduce the companys losses, thereby reducing the burden.Indirect functions :promotes increased investment in the nation.marginally reduces prices of goods and services.reduces insurance premiums.EX: Promotes increased investment
5、in the nation.The insurance company gathered a large number of funds through their activities, and these funds are being used to investment, government and industrial sectors with the invested money to some of the financial instruments, so as to promote the development of the country.2. The definiti
6、on of risk is the uncertainty of loss. This means that individuals will take the risk and cannot ensure whether the loss will occur.There are five different forms of risk in risk. They are rspectively pure risk, speculative risk, fundamental risk, particular risk, acceptable risk.Pure Risk : Pure ri
7、sk refers to the risk of loss is only and no profit opportunity, can also be seen as “no beneficial result”.For example, Fire. In one days night, a man in the house to smoke, he has not smoked, an emergency telephone calls him out, shut the cigarette butts thrown into the dustbin men, the man was go
8、ne, did not destroy the cigarette ignited wastebasket, then caused a fire.The risk is insurable and the insurance company can help it .Because the insurance company can calculate the probability of the occurrence of the event according to the previous data, so the risk is usually to be insured.Specu
9、lative Risk:Speculative risk is likely to generate revenue or risk of loss, both profit opportunities may exist, and theres the possibility of loss.For example,Stocks.A man bought some shares a few days the stock market crash, the money invested as spilled water, never come back.This risk is uninsur
10、able, the insurance company will not help them.Because the risk of speculation too many variables, it is difficult to predict, the greater the investment, the greater the loss of the insurance company, so under normal circumstances, this risk can not be guaranteed.Solution : People can choose to div
11、ersify investment, thereby reducing the risk.Fundamental Risk : The fundamental risk refers to the risk caused by non personal behavior. It affects the whole community and the whole society, and it is unable to prevent the risk of personal.Such as war. If during the war, your assets or if you have n
12、othing to lose oneself, then the insurance company will not be responsible and will not help them, because such risk is uninsurable. Because such cases, the impact is too large, the insurance company may not be protected.Solution: People can seek help from International Aid Agencies and Governments.
13、Particular Risk : Particular risk refers to the risk caused by personal behavior, it only with particular individuals or business related, does not affect the entire community and society.Such as vehicle accident . On thursdays day, Mr. Zhang was driving a car on the road, opposite the sudden appear
14、ance of a truck, Mr. Zhang response is not timely, resulting in two vehicles collided, causing a vehicle accident.This risk is insurable. Because of these risks can be predicted by people, the probability of these events can be calculated.Acceptable Risk : Acceptable risk is the maximum extent of th
15、e losses expected risk of accidents at work or personal financial ability and mental capacity within the maximum extent.For example, a man was walking on the road to a drop from the clouds suddenly was hit in the head of the football. The risk is uninsurable. Because of this risk group of individual
16、s within the tolerance range, the insurance company may not be able to help.Solution : As far as possible to reduce the risk, increase the protection measures or choose not to do.3. There are four major types of insurance, include property insurance , personal insurance, motor insurance and travel insurance .Property insurance includes marine, fire, household, theft, livestock, consequential loss and aviation.Fire insurance refers to fixed assets are kept in place and in a relatively qu
