Contract of transfering and sharing a risk.

A legal entity authorized to carry out insurance activity in certain jurisdictions, which is legally authorized under the law, to make insurance payments in the cases and in the way stipulated by the insurance contract.

Person who has legitimate rights to receive claim payment in case of the Insurance accident.

Individuals and legal entities that have entered into an agreement with the insurer or are insureds by virtue of the law, who have an interest in insuring the insurance object.

Uncovered by the policy amount of the loss or damage resulting from the insured accident and beared by the Insured.

Bonus-malus is a no claim bonus system, which is used to discount the insurance premium in case if no claims were made during the previous Insurance coverage period or vice versa to increase it in case of occurred insured losses.

Transfer of the right of a person who has received an insurance payment to claim compensation from the person (s) who is guilty of an insurance event to the Insurer.

Distribution with the reinsurer or transfer to the reinsurer of all or part of the risks insured or reinsured by the insurer under the insurance contract.

Form of human health insurance that covers expenses caused by illnesses and accidents, such as medical examinations, consultations with a doctor and other expenses for medical services.