1, InsuranceFund refers to an insurance institution specializing in risk management. According to the law or contract, the special fund set up by collecting insurance premiums is specially used for the compensation of economic losses or personal injuries caused by insurance accidents. It is the condition for the insurer to fulfill the insurance obligation.

2. The insurance fund in a broad sense refers to the reserve system of the whole society. In a narrow sense, insurance funds refer to the reserves centrally managed by insurance institutions. According to the law of large numbers, insurance institutions formulate various insurance rates through scientific calculation.