保险工作英语翻译.docx

保险工作英语翻译
A financial definition of insurance
Throughout human history,unexpected economic losses have occurred.
Such his house in a fire.
He will collect $100,000, the insured value of his house,from the insurance pool.
If there were no insurance pool,the unfortunate victim would lose $100,000.
But instead,all the members of the pool have each paid $800 to provide funds to pay for losses.
Thus,each insured has paid a part of the $100,000 loss experienced by one member.
The $800 premium each insured paid in advance was calculated from the losses predicted by the insurance system.
When the year began it was not predicted that home #4644 would burn but,rather,that 33 houses from among the 5,000 insured would burn.
From this prediction came the decision to charge each homeowner $800 for his or her insurance.
An insurance system is able to operate because all the insureds are willing to substitute a relatively small certain outlay,
the insurance premium,for a relatively large uncertain loss.
It is generally assumed that most people find the possibility of suffering a large loss unpleasant to contemplate.


Therefore,people are willing to pay an insurance premium to be relieved of the uncertainty about a loss,
as well as to be compensated if the loss actually occurs.
Thus,even if no loss occurs during