Introduction to Insurance

Author: Cao Xueqin
Publisher:
Publish Date: 2000-07-01
Features: Referencing the mature and standardized textbook systems of insurance studies in developed countries, and combining with the actual development of insurance theory in China, this book arranges its structure as follows:
Chapter 1: Introduction
Starting from the principles of modern insurance, it analyzes the nature, functions of insurance, and the necessary conditions for commercial insurable risks.
Chapter 2
Firstly, it provides a macro-level overview of the basic structure of the insurance market and the development status of the insurance industry. Then, from a micro perspective, it summarizes the organizational composition, operational content, and business processes of insurance enterprises, and offers a general introduction to the premium principle.
Chapter 3
Mainly based on China's insurance legislation, it explains the basic concepts, principles, and constituent elements of insurance contracts.
The content of Chapters 1 to 3 is comprehensive, basically covering the fundamental principles of insurance. From Chapter 4 to Chapter 9, the book introduces the main categories of insurance in the insurance operation in the usual classification order. Among them:
Chapter 4 and Chapter 5 mainly introduce the general principles and main types of property insurance.
Chapter 6 focuses on explaining the basic principles of life insurance.
Chapter 7 and Chapter 8 analyze health group insurance and life annuities, as well as retirement funds, which have broad development prospects.
In this textbook, the author has made considerable efforts in the following aspects:
First, the system structure has been innovated, striving to break through the traditional format that has long dominated in China and align more closely with international related textbooks.
Second, it strives to reflect the latest developments and innovative content of the international insurance industry, making the entire book content highly reference-worthy.
Third, it emphasizes the use of an easy-to-understand approach, explaining complex and profound insurance issues through specific cases.
Fourth, it closely connects with the actual development of China's insurance industry, focusing on cultivating readers' ability to analyze practical phenomena through theoretical learning.
This book devotes more space to analyzing content that is generally less covered in similar textbooks. Some of this content, such as an in-depth analysis of traditional insurable risk conditions, an evaluation of market organizational innovation, and employee benefit plans, health group insurance, life annuities, and insured retirement funds, has a pioneering nature. These are the crystallizations of my long-term research.
Given the above characteristics, this book is not only suitable for teaching general insurance studies in various fields but also has a certain enlightening effect on a broad range of insurance professionals and theoretical researchers.
I believe that a mature teaching textbook needs to be rigorously tested by readers and continuously refined and polished. Therefore, I hope that this book before you can deliver the expected benefits to readers, while also looking forward to receiving corrections from you.
Author Bio: Cao Xueqin, female, graduated in 1982 from Central South University of Finance and Economics, obtaining a master's degree in economics. She is currently an associate professor at the School of Business, East China Normal University, Department of Finance. The author has long been engaged in theoretical research and teaching in fiscal science, social insurance and security, life insurance, and financial management of insurance enterprises. She has published more than 310 professional academic papers and independently written and published two monographs, including "An International Comparison of Tax Systems."
Table of Contents:
Chapter 1: Introduction: Risk and Insurance
Section 1: The Concept of Risk
Section 2: Risk Handling Methods
Section 3: The Nature and Functions of Insurance
Section 4: The Necessary Conditions for Commercial Insurable Risks
Chapter Summary
Review Questions
Chapter 2: Insurance Market and Insurance Operations
Section 1: The Structure of the Insurance Market
Section 2: Organizational Innovation in the Insurance Market
Section 3: The Development of the Insurance Market and Industry
Section 4: The Operations of Insurance Enterprises
Chapter Summary
Review Questions
Chapter 3: Insurance Law and Insurance Contracts
Section 1: Insurance Law
Section 2: The Characteristics and Principles of Insurance Contracts
Section 3: The Parties and Objects of Insurance Contracts
Section 4: The Forms and Elements of Insurance Contracts
Section 5: The Formation, Modification, Termination, and Dispute Resolution of Insurance Contracts
Chapter Summary
Review Questions
Chapter 4: Principles of Property Insurance
Section 1: Overview of Property Insurance
Section 2: Insurance Value and Insurance Amount
Section 3: Premiums of Property Insurance
Section 4: Compensation for Property Insurance
Section 5: Reserves for Property Insurance Liability
Chapter Summary
Review Questions
Chapter 5: Types of Property Insurance
Section 1: Fire and Other Disaster Accident Insurance
Section 2: Transportation Insurance
Section 3: Marine Insurance
Section 4: Construction and Engineering Insurance
Section 5: Liability Insurance
Section 6: Credit and Surety Insurance
Chapter Summary
Review Questions
Chapter 6: Life Insurance
Section 1: Overview of Life Insurance
Section 2: Types of Life Insurance
Section 3: Life Insurance Premiums
Section 4: Life Insurance Reserve and Cash Value
Chapter Summary
Review Questions
Chapter 7: Health and Group Insurance
Section 1: Health Insurance
Section 2: Employee Benefit Plans
Section 3: Group Insurance
Chapter Summary
Review Questions
Chapter 8: Annuities and Retirement Funds
Section 1: Life Insurance Annuities
Section 2: Insured Retirement Funds
Chapter Summary
Review Questions
Chapter 9: Reinsurance
Section 1: The Nature and Functions of Reinsurance
Section 2: Reinsurance Operations
Section 3: Reinsurance Market
Chapter Summary
Review Questions
Chapter 10: Financial Stability of Insurance Enterprises
Section 1: Balance Sheets and Income Statements of Insurance Enterprises
Section 2: Insurance Profitability
Section 3: Policy Dividends
Section 4: Financial Stability of Insurance Enterprises
Chapter Summary
Review Questions
Chapter 11: Insurance Investment
Section 1: The Status and Significance of Insurance Investment
Section 2: Insurance Investment Strategy and Asset Allocation
Section 3: Risk Prevention in Insurance Investment
Chapter Summary
Review Questions
References