Glossary of the 1993 SNA - Definition of Term |
| Term | Insurance | | Definition | The activity of insurance is intended to provide individual institutional units exposed to certain risks with financial protection against the consequences of the occurrence of specified events; it is also a form of financial intermediation in which funds are collected from policyholders and invested in financial or other assets which are held as technical reserves to meet future claims arising from the occurrence of the events specified in the insurance policies. | | Paragraphs | 6.135. |
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