Türkiye`de yaşam sigortaları pörtföyü

Abstract

SUMMARY In every life man and his possesion are exposed to innumerable risks. These risks are unf orseenable. No one knows when they will happen nor the extend of damage they may cause. Being aware of these risks, man can create his security schemes according to his specific needs. I f he chooses the insurance, he buys an insurance policy. The insurer's promise and the detailed agreements affecting it are embodied in the policy contract. Insurance is an operation by two parties; insured and insurer. The insurer promises to indemnify the insured or a third party in case of a loss or damage. Payment for this service is called premium. The insurer accepts a totality of risks and compensates them according to statistical laws. There are some limitations on the scope of insurance; all risks cannot be insured, the insurer seeks the insurable risks; there must be insueable interest; insurance limited to financial value; there must be large numbers of similar risks; it must be possible to calculate the risks of loss; losses must not be catastrophic and must be reasonably unexpected, losses must be accidental; insurance must be consistent with public policy. THE INSURANCE MECHANISM The same general mechanism is used to the operation of all types of insurance in theory. There is the utmost variation in prctice. The insurance mechanism will iclude certain necessary definitions of basic terms and indication of functions and, interrelation of the component parts of the mechanism. - 88 -