新編金融英語教程Chapter10Insurance課件

1、InsuranceChapter 10Lead-inLanguage NotesKey PointsFollow-up Tasks10.110.310.210.4CONTENTSExtended Tasks10.510.1Lead-inThis chapter will first of all provide an overview of insurance. Then it will introduce the life insurance and the property insurance in separate sections.Insuranceis a means of prot

2、ection from financial losses. It is a form ofrisk managements, which is used tohedgeagainst the risk of a contingent, uncertain loss. 10.2 Key Points10.2.1 Definition of InsuranceInsuranceAn entity that provides insurance is known as an insurer, insurance company, insurance carrier orunderwriter. A

3、person or entity who buys insurance is known as an insured or policyholder.10.2 Key Points10.2.1 Definition of InsuranceInsurance companyThe insured receives acontract, which is called theinsurance policy. The contract lists the details of the conditions and circumstances, under which the insurer wi

4、ll compensate the insured.10.2 Key Points10.2.1 Definition of InsuranceInsurance policy10.2 Key Points10.2.2 Life InsuranceLife insurance is a contract between an insurance policy holder and an insurer or assurer. In this contract, the insurer promises to pay a designated beneficiary a sum of money

5、in exchange for a premium, after the death of the insured person. Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policyholder typically pays a premium, either regularly or as one lump sum. Other expenses can also be included in the

6、benefits.10.2 Key Points10.2.3 Property InsuranceProperty insurance is a policy that provides financial reimbursement to the owner or renter of a structure and its contents in the event of damage or theft. Property insurance can include homeowners insurance, renters insurance, flood insurance and ea

7、rthquake insurance. Personal property is generally covered by homeowners or renters policy unless it is of particularly high value, in which case it can usually be covered by purchasing an addition to the policy called a “rider”. If there is a claim, the property insurance policy will either reimbur

8、se the policyholder for the actual value of the damage or the replacement cost to remedy the damage.beneficiary benfri 受益人 principal prnspl 本金claim klem 索賠 proceed prsi:d 收入，獲利coverage kvrd 覆蓋范圍，保險(xiǎn)項(xiàng)目fortuitous f:tju:ts 偶然的 syndicate sndkt 聯(lián)合組成辛迪加hedge hed 回避，避免 vandalism vndlzm 故意破壞 insurance nrns 保

9、險(xiǎn)insurer nr(r) 保險(xiǎn)人liability lablti 責(zé)任，債務(wù)morbidity m:bdt 發(fā)病率mortality m:tlti 死亡率policy plsi 保險(xiǎn)單premium pri:mim 保費(fèi)10.3 Language NotesI. Wordsaccident and health insuranceactuarial science adverse selectionannuity contracts cash value capital base claims adjuster designated beneficiary financial reimbu

10、rsement insurable interest 10.3 Language NotesII. Phrases insurance broker insurance companies investment policies insurance proceeds investment products insurance underwriter life insurance Lloyds of London lump sum moral hazard pension plans personal property policy holders policy proceeds propert

11、y insurance protection policies reinsurance market renters insurancesocial security system 10.3 Language NotesII. Phrases 1. Insurance is a means of protection from financial losses. It is a form of risk managements, which is used to hedge against the risk of a contingent, uncertain loss.2. The insu

12、red receives a contract, which is called the insurance policy. The contract lists the details of the conditions and circumstances, under which the insurer will compensate the insured. The amount of money charged by the insurer to the insured for the coverage set forth in the insurance policy is call

13、ed the premium.3. Life insurance is a contract between an insurance policy holder and an insurer or assurer. In this contract, the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium, after the death of the insured person.10.3 Language NotesIII. Sentences 4. The

14、 focus of the insurance companys underwriting process is to decide which requests for insurance they should accept and which ones they should reject. Furthermore, for those risks they accept, they must decide how much they should charge for the insurance.5. Property insurance is a policy that provid

15、es financial reimbursement to the owner or renter of a structure and its contents in the event of damage or theft. Property insurance can include homeowners insurance, renters insurance, flood insurance and earthquake insurance.10.3 Language NotesIII. Sentences 10.4 Follow-up TasksI. MatchingDirecti

16、ons: Match the English words and phrases in the left column with the proper Chinese equivalents in the right column. ( )1. accidental lossA. 重置成本( )2. Actual cash valueB. 意外損失( )3. Affordable premiumC. 實(shí)際現(xiàn)金價(jià)值( )4. calculable loss D. 可負(fù)擔(dān)的保費(fèi)( )5. definite loss E. 報(bào)銷( )6. irrevocable beneficiary design

17、ationF. 明確的損失( )7. limited risk of catastrophically large lossesG. 有限的巨大損失風(fēng)險(xiǎn)( )8. purely speculative policiesH. 可計(jì)算損失( )9. reimbursementI. 不可變更的受益人( )10. replacement cost coverageJ. 純粹的投機(jī)性保單10.4 Follow-up TasksII. JudgmentsDirections: Decide whether each of the following statements is true (T) or fa

18、lse (F). 1. There are two major types of insurance services, namely the life insurance and the property insurance. ( )2. Only when the holder of a life insurance passes away, will the insurer pay the designated beneficiary. ( ) 3. Modern life insurance companies not only offer life insurance service

19、s but also engage in other activities, such as annuity contracts and pension plans. ( )4. The occurrence of moral hazard does not alter the value of the insurance. ( )5. An unavoidable problem facing life insurance companies is the adverse selection problem. ( )10.4 Follow-up TasksIII. Short Answer

20、Questions Directions: Answer each of the following questions briefly.1. Can you list two or more examples of protection policies?2. What is the meaning of the specific clause of insurance?3. What are the differences between whole life and variable life?4. How to insure a large number of people by a

21、single policy?5. What are the three types of claims for property insurance?10.4 Follow-up TasksIV. Translation Directions: Translate the following Chinese paragraph into English.保險(xiǎn)是風(fēng)險(xiǎn)管理的一種方法。具體而言，是投保人向保險(xiǎn)人繳納保費(fèi)，保險(xiǎn)人（保險(xiǎn)公司）按照保險(xiǎn)合同的約定，對(duì)被保險(xiǎn)人承擔(dān)保障責(zé)任，在保險(xiǎn)合同到期或者保險(xiǎn)期限內(nèi)被保險(xiǎn)人發(fā)生保險(xiǎn)合同約定的保險(xiǎn)事故時(shí)，保險(xiǎn)公司承擔(dān)相應(yīng)保險(xiǎn)賠償責(zé)任的商業(yè)行為。商業(yè)保險(xiǎn)主要包括財(cái)產(chǎn)保險(xiǎn)、人身保險(xiǎn)、