Структура страхового рынка

Файл : ASREF.WRI
Файл : ASRUSREF.DOC
Файл : ASSENG.TXT

' CHAPTER 3 '

'STRUCTURE OF THE MARKET.

3A NTRODUCTION 3J 1NTERMEDIARIES

Agent

3B THE INSURANCE MARKET Broker

Lloyd"s Broker

Insurance Consultant

3C PROPRIETARY 1NSURANCE Industrial Assurance Consultant

COMPANIES

3D MUTUAL COMPANIES 3K SELF-INSURANCE

3E INDUSTRIAL LIFE ASSURANCE 3L REINSURANCE

COMPANIES

3F COLLECTING FRIENDLY SOCIETIES 3M MARKET ASSOCIATIONS

3G CAPT1VE INSURANCE COMPANIES Association of British Insurers

Loss Prevention Council

3H MUTUAL INDEMNITY COMPANIES Motor Insurers" Bureau

British Insurance and Investment

31 LLOYD'S UNDERWR1TERS Brokers" Association

TEST No 3

3A INTRODUCTION

The term 'market' denotes a place where people buy and sell 'goods. There is, of course, no good

reason why services should not also be sold in a market. F'or many years Lloyd's of London was the

only place where representatives of buyers could meet sellers faye to face but there are now similar

markets in the United States.

Most insurance today is arranged by intermediaries acting on behalf of clients. Their job is to

arrange insurances on behalf of people who ask them to do so but also to encourage people to insure

in respect af needs which the intermediary - being experienced in insurance and risk - makes them

aware of,

'I'he diagram 3B shows the general stnicture of the insurarice market. The buyers in ihe market are

ihe i.ublic, irdustry and commerce as well as some local government and nationalised enterprises.

Cbviously there is a difference in the' sizes of risks offered ragging from the contents of very small Oats

insured against fire, to large office blocks in the centre ot a big.'town.

The people who offer insurance cover are the insurers who may be proprietary companies,

cieties, mutual indemnity associations or L)oyd's Vndenvriters, Insurance may be bought directly

: frc.n companies at their branch offices or through their represepta!ives. Most insurance, however, is

arranged through intermediaries who are approached by prospective insureds or bring the need for