Insurance company - what is it? Structure and functions

The insurance company is a financial body that provides insurance services to individuals, organizations of various forms of ownership. In order to understand the operating mechanisms of insurance companies, it is necessary to consider the principles of granting monetary compensation to insured persons.

What is insurance

Insurance is a way of protecting one's own interests, welfare in an unfavorable confluence of circumstances. The probability of such events is relatively small, but on the whole it is quite real. Based on the statistical data, the insurance risk, the insured amount and the tariff are determined. Compensation for damage occurs only in the event of the conclusion of an insurance contract. The source of cash is the reserves and funds of the insurance company (UK).

In our country, the legal basis for the provision of such services is:

• Law of 1992 "On the organization of insurance business in the Russian Federation."
• The Civil Code of the Russian Federation.
• Other documents.

The result of the work is an insurance product, which is a list of rendered insurance services. The insurance policy is an insurance policy. It serves as a kind of guarantee that in case of occurrence of certain circumstances, the insurance company will undertake to pay this amount of money in favor of the ultimate beneficiary.

What are insurance companies

A standard insurance company is a separate organization that enters into contracts for the provision of insurance services and their services. In our country, any UK is a legal entity that has certain authorized capital and offers its services on the basis of current legislation.

Providing insurance products is a direct responsibility of insurance companies. Based on the likely occurrence of events and the assessment of risks, agents of the UK offer insurance policies and guarantee compensation for damage in an unfavorable confluence of circumstances.

Of course, like any commercial structure, the company's goal is to profit. But a special kind of activity allows you to accumulate in the accounts of huge amounts of money that the insurance company can rightfully dispose of. This financial splendor can be provided to other commercial organizations on credit terms. The terms of such investments are regulated by national insurance legislation and financial authorities. In Russia it is the Ministry of Finance and the Central Bank.

Types of insurance companies

The classification of insurance companies is quite diverse. For example, the insurance companies of Moscow in their statutory documents define themselves as enterprises that are in state, private or municipal ownership. Such organizations differ in the nature of the services provided. There are narrowly specialized enterprises that have made a business for several insurance services, for example, car insurance.

There are multidisciplinary insurance companies that can insure everything and everything. There are reinsurance companies and non-state pension funds, also, by the way, related to insurance organizations. There are differences between the UK and the service area in which they offer insurance. Insurance companies need policy buyers - because the more contributions agents will collect, the faster the company's profit will increase. SC operate in a certain territory, opening branches and representative offices. Geographically, such enterprises are divided into:

• Local - offer insurance policies in a separate area or area;
• Regional - have representations in several areas, autonomous centers;
• National - operate throughout the country;
• International - have offices or branches in other states.

Ratings of insurance companies

Regularly in the media, there are reports of what place in the ratings of reliability or popularity is occupied by one or another insurance company. This abundance of information on the idea should attract the attention of potential policyholders and encourage them to purchase insurance services precisely in this company. From this point of view one can consider the attractiveness of several insurance companies offering their services in the capital and beyond. What do insurers write about themselves? What are their own achievements to the fore? For the analysis, we will go through the websites of insurance companies, and for the reference points, you can take the two most indicative values - the amount of insurance fees - that is, the amount of payments made for insurance policies and the amount of insurance payments that the company sold in 2015.

"RESO-guarantee"

The company "RESO-Garantiya" positions itself as one of the largest players in the Russian insurance market. At present she is the winner of the national contest "People's Brand / Mark No. 1 in Russia", a multiple winner of the Golden Salamander Award, the winner of the National Award "Financial Olympus", the winner in the nominations "Insurer DMS" and "Auto Insurance".

In addition, "RESO-guarantee" took the third place for the last year to collect insurance premiums - 276 billion rubles. Payments amounted to 124.2 billion - that is, almost half of the collected funds the company gave to the insured.

SC "MAX"

The company was founded in 1991. Priority for themselves is called auto insurance; CASCO and OSAGO, voluntary medical insurance and property insurance. In the list of achievements - a high reliability indicator from the national rating agency "Expert RA". Last year, the insurance company MAKS collected more than 37.2 billion rubles, and payments amounted to almost 92%.

SOGAZ

An insurance company with this name can be rightly considered to be a national company - its branches are available in every region of our country. Analysis of the report on financial activities indicates that in 2015 the volume of insurance premiums amounted to about 78 billion rubles. The volume of payments as a result of the occurrence of insured events is 27.3 billion rubles.

"Consent"

The insurance company with this name works in the insurance services market for more than 22 years. Actively cooperates with the media, has an extensive network of its own representative offices, and sells its services through intermediaries. At the end of 2015, the company received 56 billion rubles in insurance premiums, and paid 46.5 billion rubles.

For potential customers high figures of insurance fees indicate the reliability of the UK, its financial stability. And payment figures serve as a definition for the readiness of the UK to meet its customers. Another question is whether these indicators are true. To determine the reliability of the insurance organization, it will be superfluous to look into its reports, according to the requirements of the Ministry of Finance, this information is certified by the management of the UK, in the future it should be available on the websites of this insurance company. Financial reports will show the reliability and functionality of the insurers identified. It is also interesting to analyze reviews on insurers, although this information is less likely to be believed - some of the positive feedback is simply paid, and some of the negative ones can be written by citizens who failed to receive payment for objective reasons. The analysis of this information can give an interesting assessment of the trends in the development of the allocated insurance companies and the entire insurance market in Russia as a whole.