1. Insurance Fund insurance fund refers to a special fund established by an insurance institution specializing in risk management by collecting insurance premiums according to laws or contracts, which is specially used for compensation of economic losses caused by insurance accidents or payment of personal injuries and deaths, and is a condition for insurers to fulfill their insurance obligations.

2. In a broad sense, the insurance fund refers to the reserve fund system of the whole society. In a narrow sense, an insurance fund refers to a reserve fund that is centralized by insurance institutions. According to the law of large numbers, insurance institutions set various insurance rates through scientific calculation.