osiguranje

Osiguranje, or insurance, refers to a contract in which an insurer agrees to compensate the insured or beneficiaries for specified losses in exchange for regular premium payments. By pooling risk across many policyholders, insurance helps individuals and organizations absorb the financial impact of uncertain events and promotes economic stability.

Types of osiguranje cover a wide range of risks. Common categories include life insurance, health insurance, property and casualty insurance, auto or motor insurance, liability insurance, travel insurance, and reinsurance, which provides coverage for insurers themselves. Microinsurance and specialized lines address specific needs such as crop protection, cyber risk, or professional indemnity.

How it works in practice involves risk assessment and underwriting by the insurer, followed by policy issuance. The insured pays a premium, and the policy defines the scope of coverage, limits, deductibles, exclusions, and the term of the contract. When a covered event occurs, the insured files a claim, the insurer evaluates the loss, and, if valid, pays or facilitates the indemnity, up to the policy limits.

Regulation and market structure vary by country but generally aim to protect consumers and ensure solvency. Insurance companies are subject to capital requirements, governance standards, and consumer disclosure rules. Some forms of insurance, such as auto liability, are mandatory in many jurisdictions.

Historically, osiguranje developed from maritime and trade risks to a broad, modern industry that supports financial planning, risk management, and economic resilience.