The concept of insurance

After a modern insurance company established in 1666, this type of insurance began to change as more and more demand will masarakat a sense of security from an unexpected event. There are several aspects that can be summed up as the effects that cause more rapid growth of insurance from time to time. Some of these concept of insurance is::

1. Insurance as an economic

The concept of insurance because of this economic phenomenon, caused by losses due to an unexpected event, such as accidents, house fire or theft. Maybe if the loss is small we can still cover it with money saved, but different when the loss is very large.

As a result of this risk, the concept of insurance to be developed. We can obtain compensation from the insurance underwriter will replace all the losses that we receive from events like the above, by giving some money to the party providing collateral or often called a premium.

2. Insurance as a symptom law
 
There are two issues related to the concept of development as a symptom of insurance law.

a. Nature of Approval
All the insurance in the form of specific consent, (byzonder overeenkomst) is a pemufakatan between two or more parties with a view to achieving a goal.

b. Reciprocal nature
Approval of insurance is a mutual agreement (wederkerige overeenkomst) which means that each party promises to do something for others. Guaranteed party promised to pay the premiums, and the guarantor promises to pay a sum of money (insurance money) to the guaranteed if a certain event occurs.