商务英语阅下册unit 9.pptx

Unit Nine ;了解保险的定义和主要分类 了解中国保险业现状 掌握有关保险的术语;insurance policy premium insurance coverage insurable interest subject matter ;Text Fast Reading I Fast Reading II ;Pre-reading questions 1. How is insurance related to each individual? 2. What is the status quo of insurance industry in China? ; Insurance is defined as a promise of compensation for specific potential future losses in exchange for a periodic payment. The goal of insurance is to protect the financial well-being of an individual, company or other entity in the case of unexpected loss from death, accidents, sicknesses, damage to property, and injury caused to others. . The insured and the insurer create a contract by agreeing to the terms of an insurance policy. This contract is called a policy and the purchaser of the insurance is called a policy holder, also called the owner of the insurance policy. ; Insurance premium is a sum of money ascertained according to the value of the property insured and the scope of the insurance coverage desired. In exchange for payments from the insured, the insurer agrees to pay the policy holder a sum of money upon the occurrence of a specific event. In most cases, the policy holder pays part of the loss (called the deductible), and the insurer pays the rest. ; One important point is that the client must have an insurable interest. An insurance contract is legally binding only if the insured has an interest in the subject matter of the insurance and this interest is in fact insurable. In most cases, an insurable interest exists only if the insured would suffer a financial loss in the event of damage to, or destruction of, the subject matter of the insurance. ; The insurance industry is comprised of various types of organizations ranging from relatively small regional companies to giant international financial powerhouses. Most insurance is provided by corporations. They may be privately owned, part of large organizations, or publicly