Insurance studies

Author: Zhang Hongtao
Publisher:
Publish Date: 2004-06-01
Features: Danger and insurance are eternal topics in the process of social development. Historically, dangers were mainly limited to natural risks, while in modern society, both the types and scale of risks have undergone significant and profound changes. Historically, the consequences of dangers were primarily handled through individual or family self-protection, whereas in modern society, the handling of danger consequences is mainly achieved through socialized insurance mechanisms. The content of this book is very extensive, covering not only specialized fields such as commercial insurance, social insurance, and policy insurance between the two but also fields such as finance, law, mathematics, and even disaster science. This book is based on a broad definition of insurance, with an emphasis on systematic coherence, but the focus remains on the theory and operational practices of commercial insurance. The book is divided into five major parts: Introduction, Basic Principles of Insurance, Types of Insurance, Insurance Operations, and Insurance Regulation.
The first part, starting from logic and history, focuses on explaining the theory of danger and the development process of insurance. The second part emphasizes the introduction of various schools of insurance thought, insurance concepts, the mathematical foundation of insurance, insurance principles, insurance contracts, insurance markets, and the interrelationship between insurance and the economy. The third part broadly classifies insurance into three categories: commercial insurance, social insurance, and policy insurance. The fourth part, following the sequence of insurance operations, provides in-depth discussions on risk development, underwriting, loss prevention and claims handling, insurance funds, and insurance investment, focusing on practical knowledge and skills in each stage. In particular, it compares insurance investment with insurance operations, revealing the inevitable laws of modern insurance development. The fifth part, from a regulatory perspective, emphasizes the importance of supervision for the smooth operation of the insurance mechanism.