Payment Protection Insurance
Payment Protection Insurance against the possible occurrence of various kinds of risks, it is a way to recover damages suffered by their distribution among all insured’s. Insurer generates from premiums to the totality of the insured, the insurance fund in case of insurance events guides on How to claim back PPI. From here, the insurer is only an intermediary in this relationship, with the responsibility of which a long period of time is large sums of money. So it is very important to ensure its financial stability and solvency.
Insurance in developed market economy serves as an economic stabilizer mechanism to protect against accidental loss. Insurance can apply for insurance coverage of different sectors of the national economy, the financial sustainability of the production process in a variety of emergency events, as well as to maintain the well-being of citizens. In addition, insurance is included in the sphere of finance and credit relations, and therefore, has the ability to regulate itself affect the reproductive process.
The economics of the insurance organization, like any other business structure is based on the principles of balance in cash income from insurance activities and costs associated with its implementation. Current income and expenses allows you to evaluate the effectiveness of the insurance organization. Positive difference between income and expenditure shows a profit, which is the basis of guaranteed performance of the obligations to the policyholder and other parties and to the sustainable development of insurance organization.