商务英语写作课件杨晓斌编著 ISBN9787811343311Section 17 保险事项Insurance.ppt

Section 17 保险事项Insurance I. 要点概述Main Points 1. What is insurance? Insurance is a form of risk management primarily for the purpose of hedging against the risk of a contingent loss. It is the equitable transfer of the risk of a loss, from one entity to another in exchange for a premium. The company selling the insurance is the insurer, receiving the premium determined by the insurance rate. Thus the insurer’s underwriting performance is measured in its combined ratio which is a reflection of the company’s overall underwriting profitability. Insurance companies also earn investment profits on “float”. “Float” or available reserve is the amount of money, at hand at any given moment that an insurer has collected in insurance premiums but has not been paid out in claims. Insurers start investing insurance premiums as soon as they are collected and continue to earn interest on them until claims are paid out. 2. Why is insurance important? Any kind of insurance is used to help protect consumers when certain things happen. People think it is very important because it protects the insureds’ assets. As insurance companies are held responsible for deciphering what coverages each individual needs it is very important to make sure that your valuables are properly insured in the unfortunate event of a storm or otherwise. If your business exports goods overseas, shipping items—no matter if it’s by land, air or sea—comes with certain, often uncontrollable risks. It is therefore a good idea to obtain insurance from a certain insurance corporation who can help to protect you and your business from loss due to situations overseas that are out of your control, such as an unexpected political or social uprising or any other catastrophes. 3. How to get cargo insurance? According to what the item is you’re shipping, how much it is valued at, how it will be packed for shipment, where it is being shipped from and where it will be sent to, you have to find freight and shipping companie