Ancient precursors of the mutual insurance meet in the Egyptian, Greek and Roman burial clubs (collegia tenuiorum), which provided with regular contributions for a decent burial for their members and the cult of the dead. Up to modern times continuing and development of mutual insurance, however, begin until the early Middle Ages in Northern Europe with those based on a mutual relationship of trust and the joint meeting of religious, political, economic and social purposes merging guilds and cooperatives, which are preferably of the Community risk-taking and assistance devoted to death, fire, livestock deaths, shipwreck and capture. In the 17th and 18 Century built on state initiative, the first public insurance companies. (Read more about California affordable health insurance).
Insurable risks are very diverse. Therefore, for example, risks that are based largely on the behavior of people as non-economic success of a company, market price risks, insurable or intentional conduct. Insurable risks but can be reduced to a few risk groups, but these have no precise boundaries:
-biometric risks, this refers to the life and livelihood of individuals risks such as disability, dependency, longevity and premature death. They are covered by life insurance products
-Cost risks (such as court costs, medical expenses) are covered by the law such as insurance and health insurance
-Damage risks (such as fire, accident or theft) will be covered by many insurance types (such as homeowners insurance, accident insurance, household insurance)
-Liability risks are covered by various forms of liability insurance (more about affordable health insurance plans)
The law separates the insurance law in the increasingly numerous border social security law, and private insurance law, which in turn includes insurance business law, insurance law and insurance contract law. The insurance contract law is a special debt contract law and as such the specific features of the insurance contract to meet the demands special private law.
The branches of social security funds are not really counting on the insurance, because it is only unfunded (PAYG) state-sponsored insurance. In addition to the statutory pension insurance contributions do not apportioned among the beneficiaries, but provided from one generation to the other (generational contract). It makes no provisions but is financed out of current income and demographic change is not so. Social Security will not be discussed further at this point. Get further information about health insurance for pre-existing conditions.
