An insurance company or company is an organization acting as a legal entity and carrying out its activities on the basis of a license, which is issued by the Department of Insurance Supervision. He monitors the correct execution of work and is under the jurisdiction of the Ministry of Finance of the Russian Federation.
The activities of insurance companies should not concern manufacturing or banking. It depends on the fund, whose work is formed by the administration of the organization. This fund is formed on the basis of special contributions made by customers. It can be both legal entities and individuals. At the same time, the company undertakes to compensate the damage to the persons with whom the contract was concluded if situations arise provided for in the insurance. In this case, the company will have to pay compensatory security or compensation in the prescribed amount.
The Civil Code of the Russian Federation, the laws of the Russian Federation on insurance and its organization in Russia regulate the activities of this type of company. There are also other regulations on which this type of activity is based .
Description of the company is as follows. All fees that represent customer contributions are invested in assets (financial). Special insurance reserves are created, which determine where you need to invest finances. All this happens under the supervision of the Ministry of Finance of the Russian Federation.
The company’s activities are carried out with mandatory coverage of insurance reserves, for which there are such types of assets as state and municipal securities of the Russian Federation, various types of bank bills, deposits, stocks, bonds and certificates. To place reserves of this type, methods of profitability, liquidity, repayment and diversification are used.
More than a thousand companies work in this field of activity in Russia. The largest number of them operates in Moscow (about one quarter). Leading companies include Rosgosstrakh, Ingosstrakh, Industrial Company, ROSNO, Resso-Garantia, Military Company and Energogarant. The most developed companies, except for Moscow, are located in Tatarstan, in the North-West region, in the Krasnoyarsk Territory and in such areas as Sverdlovsk, Kemerovo and Tyumen. In the Far East region, only 83 agencies carry out the activities of insurance companies. The potential of this region is very small, according to statistics.
The description of the company's activities depends on the system in the Russian Federation that manages and fundamentally changes the work of such agents. Now is the time for the transformation of market relations, so economic relations are changing, producers of goods take risks and, in the event of failure, bear responsibility. That is why the requirements for employees of this kind of companies are increasing.
What is insurance? This is a mandatory requirement of the present in the development of relations in any industry. It must compensate for material losses if damage is caused to production. In this regard, people who make out cargo should know the specific activities of the company with which they wish to conclude an agreement.
In modern contracts there have been changes that relate to property and personal insurance. This, in turn, is connected with human interests. The task of reimbursing the losses of an ordinary citizen is put first.
Despite the fact that in the Russian Federation there are many problems in various fields of life, the activities of the insurance company must necessarily lead to the fulfillment of the main goal - to compensate all losses to the population, because this is the biggest incentive for the development of the country's economy.