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

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.

Chinese name

Insurance fund

Foreign name

Insurance fund

trait

Social reserve fund

nature

Concrete, contractual, mutual aid, scientific and financial.

principle

Safety, profitability and liquidity

quick

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The Source, Composition and Application of Natural Features

trait

Insurance fund is a kind of social reserve fund. The main forms of social reserve fund are as follows: centralized reserve fund