The first , insurance is a financial arrangement that redistributes the costs of unexpected losses... An insurance system collect a premium payment from every participant of insurance p
Trang 2Group: 3 members
Nguy n Th M An ễ ị ỹ
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/θru a t/ːˈ ʊ Throughout Xuyên su tố
/ n k sp kt d/ ʌ ɪ ˈ ɛ ɪ Unexpected Không mong mu nố
/b n fɛ ɪˈ ɪʃəl/ Beneficial Có l i íchợ
/kle m/ɪ Claim Yêu c u, đòi h iầ ỏ
/r nju l /ɪˈ ːə Renewal S gia h nự ạ
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/ re ndəˈ ɪ ʒ / Arrange S p x pắ ế
/ n v lv /ɪ ˈ ɒ Involve Liên quan đ nế
/ k sp r ns/ɪ ˈ ɪə ɪə Experience Tr i quaả
/’s bst tju t/ʌ ɪ ː Substitute Thay thế
/ sju m/əˈ ː Assume Cho r ng,th a nh nằ ừ ậ
/ p s b l ti/ˌ ɒ ɪˈ ɪ ɪ Possibility Kh năngả
/ n pl z nt/ʌ ˈ ɛ ə Unpleasant Khó ch uị
/trans f /ˈ əː Transfer Chuy n đ iể ổ
/ k spɪ ˈ əʊʒə/ Exposure Nguy c ,s r i roơ ự ủ
Trang 11The first , insurance is a financial arrangement that
redistributes the costs of unexpected losses
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The second , it is about operation of insurance system
An insurance system collect a premium payment from every participant of insurance pool to financed and
redistributed the costs of unexpected losses.
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The finally , it is about similarity and difference
between gambling and insurance.
Sometimes, insurance is like gambling We can’t know
for sure what will happen in the future
However gambling is illegal and insurance is legal.
Trang 14③ answer questions
Trang 15Short questions
1 What is the insurance in financial definition?
Insurance is financial arrangement that
redistributes the costs of unexpected losses.
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2 What is the insurance pool?
Insurance pool is the fund combines the numerous exposures.
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3 What is the insurance premium?
Insurance premium is the regular amount of
money that the insured pay to the insurer The insured receives a promise from the insurance system to be compensateed in the event of a loss.
Trang 184 What is the compensation?
Compensation is the amount of money
that the insurer pays to the insured in the event of a loss.
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6 What does the insurance agreement
involve?
Insurance agreement involves the transfer
of many different exposures to loss to one insurance pool.
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7 What do you know about contracts
of insurance?
Contracts of insurance form a special
class of contract in that the law requires parties to them, the insured and the
insurer, to exercise the utmost good
faith towards each other.
Trang 22Long questions
1 What are the roles of insurance in financial planning?
It reduces losses which the insured suffers through compensation when the losses occur
It provides certainty and protection It helps people eliminate unpleasant mental state, the anxiety about a loss.
Assistance for individuals and families preparing financially for risk such as: illness, unemployment, death …
Accumulation of saving (for family expense)
As a financial intermediary, it provides capital in the financial market.
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When insured pay premium, the insured receives a promise from the insurance system be compensated in the event of a loss
But, there is a small percentage of insured suffer losses Thus, insurers collect regular premium payments from every
participants of insurance pool This obtained money can be used
to lend to others or to invest in order to make profit.
As result, operation of insurance also helps the economy to grow.
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3 Can you talk about some insurers in Viet Nam and how do they operate ?
There are many insurers in Viet Nam such as:
Prudential; AIA; BIC … Sometimes, their operation
isn’t efficient.
Some insurers have some weakness in financial
management, compensating in the events of losses
for the customers, using agencies and distributing
profit for agencies….
Sometimes, solving the loss is still late, it makes
customers disastified
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Thank for listening