The term "insurance" means the transfer of a risk from one subject to another.
The one who transfers the risk is the insured, the one who, for example, insures himself from the damage caused to his own car.
On the other hand, the person who takes care of it is the insurer, or the person who, at the time of the occurrence of the event, will repay the damage.
By taking out insurance, you enter into a contract.
The contract commits the insurer through the payment of the premium to reclaim the insured for the damage suffered according to the limits established therein.
The event is future and uncertain. The uncontrollability of the event, neither by the insurer nor by the insured, governs the clauses of the insurance contract and is called risk of risk - this is transferred to the insurance contract.
The damage can be produced either by an accident or upon the occurrence of an event relating to human life in respect of which to pay a capital or an annuity.
Insurance contracts are divided into two branches:
- * non-life insurance: damage to property, damage to people, civil liability (mandatory), commercial risks and financial risks;
- * life insurance: the life insurance is mainly based on the possibility that the insured person has to live or die by a certain date.
Insurance in Italian jurisprudence is regulated by Articles 1882 and 1919 of the Civil Code.
Insurance
Insurance, ultimi articoli su Money.it International
Life insurance becomes less boring with creative financial engineering
Financial Times
28 September 2024 - 12:07
As the Fed cuts rates, markets are rallying — but there are long-term risks from experiments.
Why insurance companies want to be your best friends
Financial Times
27 June 2024 - 15:52
A more personalised approach could be beneficial to both insurers and their clients.
Poste Italiane, unlike Royal Mail, brings both the mail and the cash
Financial Times
9 April 2024 - 14:29
Italy’s postal service kept its post office network and financial services and has used both to good effect.
Ukraine Revolutionizes War Insurance: an Introduction
James Hydzik
29 February 2024 - 21:02
The massive scale of the damage suffered by Ukraine in the face of the full-scale invasion by Russia means that investment is needed as well as trade during war. Insurance is needed, and how that comes about is being tested while the battles rage.
What are all risk policies and when are they convenient?
Money.it
9 May 2023 - 19:30
Among the different types of insurance, there are also all-risk policies, which cover various possibilities becoming very advantageous.
How to manage Pure and Speculative Risk in investments and Trading
Money.it
11 November 2022 - 13:17
When it comes to investments, hardly anyone thinks of insurance. Here’s how to deal with pure and speculative risk.