Insurance type
In individual insurance, the type of insurance describes the integration of an insurance contract according to the type of risk insured. Types of insurance are grouped into insurance branches or insurance branches and further into insurance branch groups . Within the insurance types , insurers often offer various types of insurance contracts, which they refer to as products . However, insurance contracts can also belong to several types of insurance if different risks are covered within one contract .
These classifications of the insurance contracts are prescribed by law in some states and the insurers must report on their business accordingly. In addition, there are also purely scientifically developed classifications of insurance contracts, which are also referred to as types and branches of insurance.
A possible breakdown of different insurances into insurance branches or classes and further into types of insurance is:
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Life insurance
- Term life insurance
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Mixed life insurance
- unit-linked life insurance
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Pension insurance
- unit-linked pension insurance
- Occupational disability insurance
- Nursing pension insurance
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Health insurance
- Private health insurance
- private supplementary tariffs to statutory KV
- Dread Disease Insurance (Serious Illnesses)
- Basic skills insurance
- Nursing care insurance
- Daily care allowance insurance
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Composite insurance
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Property insurance
- Household insurance
- building insurance
- Business content insurance
- Commercial insurance , Switzerland: business insurance
- Return insurance
- Construction insurance
- Machine insurance and machine breakdown insurance
- Assembly insurance
- Elementary insurance (e.g. earthquake, flood)
- Hail damage insurance (e.g. for fruit crops)
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Liability insurance
- Motor vehicle liability insurance
- Personal liability insurance
- Pet owner liability insurance
- Liability insurance (General Liability, GL) and professional liability insurance (professional indemnity PI)
- Product liability insurance
- Builder's liability insurance
- Oil tank liability insurance
- Home and basic liability insurance
- Environmental liability insurance
- Financial loss liability insurance for managers ( D&O insurance ), boards of trustees of pension funds or freelancers
- EPLI (Employers Practice Liability Insurance)
- Business interruption insurance
- Accident insurance
- Transport insurance
- Credit insurance
- Fidelity insurance (also called crime)
- Kidnap & Ransomware (kidnapping and ransom)
- Travel insurance
- Private unemployment insurance
- Animal insurance
- Insurance against the financial consequences of driving license withdrawal
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Property insurance
- Legal protection insurance