ФУНКЦИИ НА ЗАСТРАХОВАНЕТО
FUNCTIONS OF INSURANCE

Summary/Abstract: The purpose of insurance is to share the loss resulting from a certain risk among multiple people exposed to it and agree to insure themselves against it. The most critical role of insurance is to disperse risk across a group of people insured against it, share the loss of each member of society based on the likelihood of loss to their risk, and protect the insured from losses. The main function of insurance is to protect the financial interests of the customers at the time of loss. The insurance premiums are calculated on the basis of probable loss that could happen during a particular period of time and the premium is charged accordingly. The time and amount of loss are uncertain and after the happening of loss, the customer would suffer loss in the absence of insurance. Having a valid insurance policy can reduce the chance of loss and thereby protecting the financial interests of the customer. Functions of insurance are to spread the loss caused by a particular risk over several persons, who are exposed to it and who agree to insure themselves against the risk. The most important function of insurance is to spread the risk over a number of persons who are insured against the risk, share the loss of each member of the society on the basis of the probability of loss to their risk and provide security against losses to the insured. The insurance functions are the system to spread the risk over several persons who are insured against the risk and sharing the loss of each member of the society based on the probability of loss to their risk and providing security against losses to the insured.

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