Insurance is based on the idea of pooling the largest count d Possible of the insured in order to offset the risks to which they are exposed, according to technical grounds based on the rules of statistics and calculate probabilities, and the size of its insurers measured by the number of insured and contracts Concluded. That would make more precise calculations, Abundance Act increases the accuracy and validity of the findings, the more cases the insured, and the increase of contracts that would reduce the cost of insurance for the insured to them by reducing premiums.
Since the risk of this age do not recognize geographical borders of the states, but they are similar in most countries of the world,
The insurance companies seeking to extend their activities to outside these limits. So that insurance - well - knows no geographical boundaries, and the reason for this is due to that there are a lot of images insurance assumes the extension of the operation of insurance to cover the risks in more than one country, such as insurance on the transport of goods or people across the borders of countries by sea or land or air.
The importance of the international role of the insurance system in the field of reinsurance where the company national re-insurance on some of the risks that are achieved by insurance In one of the large foreign companies, with the intent to distribute the implications of the disaster on more than one insurance company, the economy is foreign countries participate in the bearing part of the National Disaster.
No sin that the international role of the insurance would help and contribute to the development of uniform rules for insurance in most countries of the world, unity of the problems and risks to insurance companies that will support the unification of laws. But most of the insurance contributed role Actor in the convergence of certain provisions of the legal systems, for example provisions Civil Liability mechanism is in European countries converge to a large extent.
التسميات
insurance functions