Система страхования в России

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Insurance

Insurance is a form of risk management that appeared simultaneously with the appearance of human society. Turning to insurance in the modern sense (i.e., insurance in a modern money economy, in which insurance is part of the financial sphere), early methods of transferring or distributing risk were practiced by Chinese and Babylonian traders as long ago as the 3rd and 2nd millennia BC, respectively.

Some forms of insurance had developed in London by the early decades of the 17th century. Insurance as we know it today can be traced to the Great Fire of London, which in 1666 devoured more than 13,000 houses. The devastating effects of the fire led to the development of insurance. The first insurance company in the United States was formed in South Carolina, in 1732 with the help of Benjamin Franklin.

At present global insurance premiums grew by 2.7% in 2010 to $4.3 trillion, climbing above pre-crisis levels. Life insurance premiums increased by 3.2% in 2010 and non-life premiums by 2.1%. The global insurance industry was sufficiently capitalized to withstand the financial crisis of 2008 and 2009 and most insurance companies restored their capital to pre-crisis levels by the end of 2010. Advanced economies account for the bulk of global insurance. Premium income of Europe was $1,620bn in 2010, then North America $1,409bn and Asia $1,161bn. Europe has however seen a decline in premium income during the year in contrast to the growth in North America and Asia. The US and Japan alone accounted for 40% of world insurance, much higher than their 7% share of the global population. Emerging economies accounted for over 85% of the world’s population but only around 15% of premiums. Their markets are however growing at a quicker pace.

11.а. Вставьте в предложение пропущенное слово:Insurance, the financial crisis, insurance company, in the modern sense, a decline, transferring or distributing, development, insurance premiums, to pre-crisis levels, account for.

1. Chinese and Babylonian traders practiced methods of________________ risk.

2. Benjamin Franklin helped to found the first _____________in the United States.

3. The global insurance industry could withstand ________________of 2008 and 2009.

4.________________________ is a form of risk management.

5. Our insurance company saw ____________in premium income last year.

6. At present global ______________ climbed above pre-crisis levels.

7. Insurance ____________ is part of the financial sphere.

8. How much percent of world insurance did our country __________?

9. We hope our insurance company will restore its capital ____________________by the end of year.

10. The _________of insurance can be traced to the Great Fire of London in 1666.

Б. Вставьте в предложения пропущенные слова.

Types of insurance

Travel insurance , Trade credit insurance , liability insurance , Disability insurance, Auto insurance, Life insurance , Health insurance, Credit insurance , Property insurance , Home insurance, Crop insurance, Errors and omissions insurance, Purchase insurance.

Any risk that can be quantified can potentially be insured. Below are lists of different types of insurance that exist.

1. _______________protects the policyholder against financial loss in the event of an incident involving a vehicle they own, such as in a traffic collision. It typically covers: damage or theft of the car; liability to others for bodily injury or property damage; Medical cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.

2. _______________provides coverage for damage or destruction of the policyholder's home. In some geographical areas, the policy may exclude certain types of risks, such as flood or earthquake that require additional coverage.

3. ________________policies cover the cost of medical treatments. Dental insurance, like medical insurance protects policyholders for dental costs. In the US and Canada, dental insurance is often part of an employer's benefits package, along with health insurance.

4. _______________provides financial support in the event of the policyholder becoming unable to workbecause of disabling illness or injury.

5. _____________provides a monetary benefit to a decedent's family or other designated beneficiary, and may specifically provide for income to an insured person's family, burial, funeral and other final expenses.

6. _________________provides protection against risks to property, such as fire, theft or weather damage. This may include specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, and home insurance.

7. ______________may be purchased by farmers to reduce or manage various risks associated with growing crops. Such risks include crop loss or damage caused by weather, hail, drought, frost damage, insects, or disease.

8. Directors and officers ________________ (D&O) protects an organization (usually a corporation) from costs resulting from errors made by directors and officers for which they are liable.

9. ______________is business liability insurance for professionals such as insurance agents, real estate agents and brokers, architects, third-party administrators (TPAs) and other business professionals.

10. ______________ repays some or all of a loan when certain circumstances arise to the borrower such as unemployment, disability, or death.

11. _________________is business insurance over the accounts receivable of the insured. The policy pays the policy holder for covered accounts receivable if the debtor defaults on payment.

12. ______________is aimed at providing protection on the products people purchase. Purchase insurance can cover individual purchase protection, warranties, guarantees, care plans and even mobile phone insurance. Such insurance is normally very limited in the scope of problems that are covered by the policy.

13. _______________is insurance taken by those who travel abroad, which covers certain losses such as medical expenses, loss of personal belongings, travel delay, and personal liabilities.

Учим термины

150.Insurance – страхование

151. Insurance premium – страховая взнос

152. Financial crisis – финансовый кризис

153. Advanced economy – развитая страна

154. Population - население

155. Travel insurance – страхование туристов

156. Trade credit insurance – страхование от неуплаты торгового кредита

157. Liability insurance - страхование гражданской ответственности

158. Disability insurance- страхование по нетрудоспособности

159. Auto insurance –страхование автотранспортных средств

160. Life insurance – страхование жизни

161. Health insurance – страхование от болезней

162. Credit insurance – страхование кредитов, страхование от неуплаты долга

163. Property insurance – страхование имущества

164. Home insurance – страхование домовладений

165. Crop insurance – страхование сельскохозяйственных культур

166. Errors and omissions insurance – страхование на случай ущерба вследствие ошибки или упущения

167. Purchase insurance – страхование приобретенных товаров