On the other side, actuaries are interested in introducing them to methods of measurement, in particular with regard to the possibility of an accident and anticipating loss, and the following is the definition of economists and actuaries for insurance: The definition of insurance economists and actuaries:Įconomists focus on defining insurance for income, wealth and the impact of dangers and accidents on them, whether by deficiency or mortality. The previous definition is distinguished by focusing on the technical aspect on which the insurance is based, in addition to the legal aspect where the definition clarified that the insurance process is the aggregation of similar risks and the distribution of the resulting losses using statistical methods and determining the obligation of each of the insured (insurance premium) and the obligation of the insured (compensation). Muhammad Ali Arafa defines him in his book (Explaining the New Civil Law in Insurance and Small Contracts) as follows. The previous definition focuses on the legal aspect in terms of the parties to the contract and the obligations that result from it. Courts usually avoid defining insurance depending on the legislator’s definition of it. These categories are the courts, the legislator, and jurists. There are many definitions of insurance, and in fact these definitions benefit insurance greatly, as by examining these definitions among themselves, they eventually reach a comprehensive and comprehensive definition of insurance.Ī distinction must be made between three different legal categories when examining the definition of insurance for legal professionals.
0 kommentar(er)
