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Insurance Glossary

And the emergency commissioner is a specialist who, on behalf of the Insurer, determines the cause, nature and amount of losses and issues an emergency certificate.

An addendum is an additional document to the insurance contract, in which changes in the insurance conditions are indicated.

An accident report is a document that is drawn up by the administration and the committee of a trade union of an enterprise or organization if an accident has occurred to their employee related to the performance of official duties. In cases with a passenger, a corresponding document is drawn up in the transport If the victim is insured against accidents, the act is sent to the insurance company for the purpose of processing insurance payments.

Abandon - refusal of the insured from the property damaged in the insured event in favor of the insurer

Addendum - Supplementary Agreement to the insurance contract, supplementing or changing its conditions.

Agency agreement - an agreement between the principal (the Insurer) and the agent (Tour . Form), defining the nature and amount of the order that the agent undertakes to perform at the expense and on behalf of the principal for a certain remuneration.

Act - an insurance document drawn up by an insurance organization in the presence of an insured event

Underwriter - person responsible for entering into insurance contracts

Cancellation cancellation, termination, invalidation .

Rental payment for the property provided in the order of temporary use.

An actuary is an officially authorized specialist who calculates insurance rates using the methods of mathematical statistics.

The underwriter is a highly qualified and responsible specialist of the page of the Contractor, authorized to carry out the necessary procedures for considering proposals and taking risks for insurance (reinsurance).

Assistance - a list of services (within the framework of the insurance contract), which are provided at the right time through medical, technical and financial assistance. It is widely used in foreign countries to ensure the safety of travelers when traveling abroad (in case of illness, accident).

Beneficiary is a natural or legal person in whose favor the Insured has concluded an insurance contract, and a third party is a beneficiary under an insurance contract.

Bonus-malus is a system of allowances and discounts applied in insurance.

Basic program of compulsory health insurance - a list of medical services approved in the established manner, which are guaranteed to all insured persons in the compulsory health insurance system upon the occurrence of an insured event

Bordero - a documented list of risks accepted for insurance and reinsured

Beneficiary - In fact, a voluntary recruiter of the insured. Sometimes understood as: The third person indicated in the insurance policy by the policyholder as the recipient of the insurance indemnity or the sum insured.

Bonus - Zhivets-bait when catching the insured in the troubled waters of the Russian economic swamp. It is sometimes understood as: Monetary amounts that are distributed or assigned to policyholders with participation in the company's profits.

Bordero - (from other Roman " bordel ") A list of bordel employees sent to another bordel . Sometimes understood as: a list of insurance risks transferred to reinsurance under an obligatory reinsurance agreement, sent by the assignor to the reinsurer.

Gross bet - The last stronghold of Brutus. Sometimes understood as: A part of the insurance tariff, which includes the expenses of the insurer for the conduct of business, agency fees, contributions to the fund of preventive measures and the insurer's profit.

As a beneficiary, a legal or natural person appointed by the insured to receive insurance compensation or compensation under the insurance contract.

Probability of the insured event A quantitative description of the possibility of the occurrence of future events in which the insurance indemnity or the sum insured is paid. Vs ss determined on the basis of statistical data.

Insurance premium premium: the amount of money paid by the insurer to the insurer for the obligation of the latter to compensate for the material damage caused to the insured person or his property, or to pay the insurance amount upon the occurrence of certain events in the life of the insured

Return of the insurance premium may occur if the insurance did not take place and the insurer does not bear any responsibility, as well as by agreement between the insurer and the insured

Renewal of insurance conclusion of an insurance contract for a new term without interruption (prolongation) or the addition of an existing special application

The age of the insured is the main factor influencing the risk of the disease (including fatal) and the need for medical services. In addition, when determining the tariff rate, lifestyle and health status of the insured is taken into account.

Group Insurance About the bottom of two terrible legacies of socialism ( bytovuha and gangbang ). Insurance of a group of persons with similar interests. A group policy is issued to an employer or another representative of the group, and each member of the group receives a certificate confirming the fact of his insurance.

Civil liability of the insured to third parties for the damage that he can bring to their health, life and / or property. Civil liability may also arise in the event of an unintentional offense or breach of contractual obligations.

A guarantee is a form of a written guarantee, a document issued by an insurance company confirming the solvency of the company to which the guarantee was issued.

The guarantor is the guarantor. The state, enterprise, institution, company or person who gives a guarantee in any way.

The stipulation of insurance is a written agreement between the Insured and the Insurer, according to which the Insurer undertakes obligations in the event of an insured event to make an insurance payment to the Insured or another person specified in the insurance contract.

Dividend - Something small that everyone shows for decency. The part of the insurer's net profit distributed among shareholders in proportion to the number of shares owned by them

Power of Attorney - Gives authority to the representative of the insurer, who can BELIEVE before the insured event, and after that - they do not have faith. Written authorization issued by one person to another person for representation before third parties

Dischecher Insurance case on wet cases. The person who conducts the investigation and negotiates the settlement of the claim for compensation.

Voluntary insurance is a form of insurance; arises only on the basis of a voluntary agreement between the insurer and the insured

Green card is a system of international agreements and insurance certificates on civil liability insurance of vehicle owners who travel to the countries - members of this system.

Insured person is a natural person in whose favor a life and / or health insurance contract has been concluded.

The green card is a system of international agreements on compulsory insurance of the civil liability of vehicle owners traveling to the member countries of this system.

Application for insurance - the will of a natural or legal person to conclude an insurance contract.

And substantial insurance is the insurance industry in which the object of insurance is the property of legal entities or individuals.

To ASKO insurance vehicles (ships, aircraft, cars). It does not include insurance of passengers, transported property, liability to third parties, etc.

Cargo   (from the word "Karga") A specific type of insurance for the contents of avosek of harmful old women. Cargo insurance; general name of the goods.

Combined insurance - comprehensive insurance for several types of insurance, which guarantees one insurance policy.

Insurance Commission - a cash reward paid by the insurer to intermediaries for their involvement of subjects for insurance, registration of insurance documentation, etc.

Licensing A charming woman, without whom a true insurer is indecent and dangerous to appear in a decent insurance company. License to carry out insurance activities issued by the Department of Finance for the supervision of insurance activities.

The insurer's liability limit is the maximum possible liability of the insurer, which follows from the conditions of the concluded insurance contract. This limit is fixed in the insurance policy and is called the "sum insured".

The license for carrying out insurance activity is a document of a prescribed form issued by an official institution certifying the right of its owner to conduct insurance activities in the country

Personal insurance is a branch of insurance in which the object of insurance relations is human life, health and working capacity.

Medical insurance is a type of personal insurance in case of loss of health from an illness or accident.

Motor (Transport) Insurance Bureau of Ukraine (MTIBU) is a form of association of insurers who carry out insurance of civil liability of owners of land vehicles.

This is not a part of the insurance premium, to which the saying goes, "The eye sees, but the hand is not ym ± t ." Part of the insurance rate used for the formation of insurance reserves and payments.

Accident - a fire, traffic accident, accident, chemical poisoning or other action that caused the death or disability of the Insured person, damage or destruction of the insured property.

Objects of insurance taken by the owner of the property insurance; liability for damage caused to the life, health and / or property of third parties; medical expenses; life and health.

The object of insurance is the specific property interest of the Insured or the Insured (property, liability to third parties, life and health, etc.), which may be damaged by a natural phenomenon, accident or other insurance action . property interests related to the life, health, working ability and pension coverage of the insured or the insured person that do not contradict the legislation of Ukraine.

Compulsory insurance is one of the forms of insurance in which insurance relationships arise by virtue of law.

Risk assessment in- kind and cost analysis of all risk circumstances characterizing risk parameters

It is a limited measure imposed on the debtor-insured by virtue of the law in order to force him to fulfill his obligations to pay the insurance premium.

Reinsurance is a system of economic relations in which the insurer, taking risks on insurance, transfers part of the responsibility for them on agreed terms to other insurers to create a balanced insurance portfolio and ensure insurance operations . About the operation between two insurance companies, in which one of them (the assignor) transfers, on its own behalf, for a certain fee, a part of the risk under an agreement concluded with the Insured, to another company (reinsurer).

Policy insurance document certifying the fact of the conclusion of the insurance contract. The right to recourse is the right of the insurer to receive in return claims (recourse) from third parties guilty of causing the damage amounts paid as insurance compensation for the insured’s claim in accordance with the insurance contract.

Insurance premium is the name of the insurance premium (insurance payment) used in international practice.

Insurance period dates of commencement and expiration of the insurance contract.

Poole Voluntary association of medium-sized companies with the goal of at least once cutting insurance monsters in the hands. Association of insurers for co-insurance of large risks.

Regress - the right of the insurer to advance within the amount actually paid to the Insured for damages / claims to a third party who is guilty of the insured event, in order to receive compensation from her for the damage caused.

Retrocessionary (from the Latin. Retro ) In the oldest cautious reinsurer. The company that accepted the risk for reinsurance and re-transferred its part to another insurer or reinsurer.

Retrocession The amount promised to the company 40-50 years ago. Reinsurance assumed reinsurance.

The risk of an insurance event or their combination, in case of occurrence of which the insurance is carried out.

With insurance About the bottom of the directions of the Tolstoy, when the insurer for a fee (insurance premium) substitutes his cheek for all the slaps due to insurance from anyone. Relations for the protection of property interests of individuals and legal entities upon the occurrence of certain events (insured events) at the expense of cash funds formed from the insurance premiums paid by them (insurance premiums) .   from the system of economic relations, a set of forms and methods of forming trust funds and using them to compensate for damage under various unfavorable conditions (insured event), as well as providing assistance to citizens and (or) their families upon the occurrence of certain events in their lives (injuries disability, death, etc.).


Insurance payment The event causing a rash and convulsions with the insurer, because it says: "You take someone else's, give your ..." In the case of an insurance case with property, insurance payment is made in the form of insurance compensation, in case of an insurance case with the insured person or a third person - in type of insurance coverage.

Insurance indemnity - the amount of compensation that the insurer pays to the Insured for the damage caused to the Insured as a result of the insured event.

Insurance compensation mechanism of financial compensation to the insured of actually incurred expenses, which can be in the form of:
- cash payments;
- repair;
- replacements;
- recovery

Insurance act About one of the methods of violence against the insurer by the insured. The duty of protection lies with the insurer. A document drawn up by the insurer when it recognizes the occurrence of the insured event and serves as the basis for the payment of compensation.

Insurance broker Trump card for any, regardless of the form of ownership and content of the portfolio, insurance deck. Legal entities or individuals registered in the prescribed manner as entrepreneurs, carrying out insurance mediation on their own behalf on the basis of instructions from the insured or the insurer.

Insurance portfolio A briefcase full of fear, surprises and troubles for the insurer. The set of risks taken by the insurer on its responsibility.

An insurance employee in the life insurance department of an insurance company. A non-attractive human being.

Term of insurance - the time interval during which the insurance contract is valid.

The insured is a natural or legal person who has entered into an insurance contract with the insurer (insurance company).

Insurer - a financial institution

Insurance payment (insurance premium, insurance premium) is the payment for insurance, which the Insured is obliged to pay to the insurer, according to the insurance contract.

Sum insured is a sum of money, within which the insurer is obliged, in accordance with the terms of insurance, to pay when the insurance event occurs to the Insured.

Insured risk is a possible event for which insurance is carried out and has signs of probability and randomness of occurrence.

Insurance tariff - the rate of insurance payment per unit of insurance amount for a certain insurance period.

Insured event - an event stipulated by the insurance contract or the Legislation, which occurred and with the occurrence of which the insurer's obligation arises to pay the insurance amount (insurance indemnity) to the Policyholder, the Insured or another third party.

The insurer (insurance company ) - a financial institution that has received in the prescribed manner a license to carry out insurance activities.

Term of insurance is the time interval during which the insurance contract is valid.

The insurer is a natural or legal person who has entered into an insurance contract with the insurer (insurance company).

Insurance premium (insurance payment, insurance premium) is the payment to the insurer for the provision of insurance protection under the insurance contract.

Sum insured (limit of liability) the amount specified in the insurance contract, to the extent which the insurer undertakes to pay.

Insurance event (insured event) an event whose losses from the occurrence of which are covered by the insurance contract.

Insured risk   possible event resulting in damage to property and / or life, health.

Insurance rate is the payment to the insurer for the provision of insurance protection, expressed in percentage of the insured amount.

The degree of risk is the probability of occurrence of the insured event, taking into account the amount of possible damage. Reflects the scope of liability of the insurer for the obligations assumed under the insurance contract.

Baggage insurance is a type of property insurance, which is carried out separately or in combination with insurance of other objects under another contract.

Liability insurance is a type of insurance where the object is the insured’s liability under the law to third parties who may suffer damage (damage).

Accident insurance is a type of personal insurance that provides for the loss of the ability to work or in case of death caused by unfavorable random events in a person’s life, the payment of a certain amount by the insurance company.

Travel insurance is a type of insurance that provides insurance protection for citizens while they are traveling. In addition to life insurance of tourists, it may also include insurance of their property, liability.

An insurance agent is an official who performs on behalf of the insurance company transactions for the conclusion of insurance contracts with legal entities and individuals.

The insurance premium (payment) is the amount paid by the insurer to the insurer for the obligation of the latter to compensate for the material damage caused to the insured person or to pay the insured amount upon the occurrence of a specific insured event.

Insurance damage material loss caused to the insured as a result of the insured event

A third party is a person who is not the Insured or the Insurer in a particular insurance contract (policy).

Physical injuries (injuries) are local violations of the integrity or functionality of the tissue (body parts, organs) under the influence of direct physical or chemical exposure from the outside.

The third party is a party (legal or natural person ) who does not participate in the conclusion and contract of insurance, but under certain circumstances acquires certain rights arising from the content of the terms of this contract.

Late look of grievous bodily harm

Universal insurance company insurance company that performs operations on all types of insurance and reinsurance

Settlement of losses the calculation of the amount of damage to be reimbursed as a result of an insured event

1) events, emergencies that cannot be foreseen, prevented or eliminated by any means; 2) extraordinary circumstances stipulated by the insurance regulations, in case of which the insurer is exempted from fulfilling obligations under the insurance contract

The deductible is a part of the loss, which, according to the insurance contract, is not reimbursed by the insurer. There are conditional ( non- deductible ) and unconditional (deductible) franchise. The conditional deductible is not deducted if the amount of losses exceeds its size, and the unconditional deductible is deducted each time an insured event occurs.

Franchise - a part of the damage stipulated in the contract, which in the event of an insured event is not reimbursed by the Insurer. Franchise is conditional and unconditional. A conditional franchise demonstrates the right to release the insurer from liability for damage if its size does not exceed the size of the franchise, and the damage is subject to compensation in full if its size exceeds the size of the franchise. Unconditional deductible indicates that the insurer's liability is determined by the amount of damage

Deductible conditional Deductible (see), which, because of its madness, hardly comes into contact and this is accompanied by many conventions.   The insurer is exempt from liability for loss if its size does not exceed the size of the franchise, and the loss is refundable in full if its size exceeds the franchise. In this case, the deductible is set as an absolute value.

C unit (from the pub "Natsedi-ka, the owner ...") The insurer, who transferred the risk to reinsurance Cession The amount that the insurance company can calculate this year. Sometimes understood as: The amount that the assignor assigns to the reinsurer.

Ø traf monetary recovery, a measure of material impact on persons guilty of violating applicable laws, contracts or certain rules

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