GIM1000 - Legal and economic basis of insurance


This section provides guidance on the legal and economic basis of insurance, regulatory definitions, and a brief description of the UK insurance market.


GIM1010Legal and economic basis of insurance: introduction
GIM1020Legal basis of insurance: no statutory definition
GIM1030Legal basis of insurance: case law
GIM1040Legal basis of insurance: contract of insurance
GIM1050Legal basis of insurance: insurable interest
GIM1060Legal basis of insurance: indemnity
GIM1070Legal basis of insurance: regulatory definition of ‘insurance business’
GIM1080Legal basis of insurance: regulatory guidance on ‘insurance business’
GIM1090Economic basis of insurance: transfer and sharing of risk
GIM1100Economic basis of insurance: meaning of risk
GIM1110Economic basis of insurance: risk and premiums
GIM1120Economic basis of insurance: pooling of risks
GIM1130Economic basis of insurance: law of large numbers
GIM1140Economic basis of insurance: spread of business
GIM1150Economic basis of insurance: ‘underwriting risk’ and ‘timing risk’
GIM1160Economic basis of insurance: re-insurance and co-insurance
GIM1170The UK insurance market: regulation and supervision
GIM1180The UK insurance market: insurance companies
GIM1190The UK insurance market: EEA insurers
GIM1200The UK insurance market: friendly societies
GIM1210The UK insurance market: Lloyd's
GIM1220The UK insurance market: the domestic market
GIM1230The UK insurance market: the London Market
GIM1240The insurance and provisioning cycles