Types of insurance

Main article: Types of insurance

There are different approaches to the classification of insurance business. In most countries distinguish two types of insurance: life insurance and insurance non-life insurance. This classification is used to produce legal documents, analysis of the insurance market and other issues.

Chapter 48 of the Civil Code provides for two types of (two types of contracts) of insurance: property and personal .

In the practice of insurance companies, insurance analysis, learning and teaching materials and is divided into three branches of insurance: property, personal and liability. At the heart of the division of insurance industry are differences in the objects of insurance.

In personal insurance, property insurance is the object of interest associated with the life, health, disability and pensions of the insured or the insured person. For personal insurance include:
Life Insurance.
Insurance against accidents and diseases.
Health insurance.

In property insurance, the object of insurance is the property interests associated with the ownership, use and disposal of the property. Property insurance includes:
Property insurance companies and organizations.
Insurance of property of citizens.
Vehicle insurance (transportation and freight).
Other types of property insurance, other than those listed above.
Insurance of financial risks.

In the insurance liability insurance are subject to the property interests associated with reimbursement of the insured caused harm to a third party. Liability insurance includes:
Liability insurance of vehicle owners.
Liability insurance carrier.
Liability insurance companies - the sources of increased danger.
Professional liability insurance
Liability insurance for non-commitment.
Other types of insurance liability.

At the heart of the division of insurance industry are fundamental differences in the objects of insurance. The division of insurance industry can not identify the specific insurance interests of individuals and entities that make it possible to carry out insurance. To specify that interest is isolated from the insurance industry sub-sectors and types of insurance.

Type of insurance called insurance-specific homogeneous objects in a certain amount of liability insurance on the relevant tariff rates. The insurance relationship between the insurer and the insured shall on the types of insurance. Here are just a sample of some of the most common types of insurance.