What industry does insurance belong to?

Insurance belongs to the financial industry. The main business scope of the insurance industry is life insurance and property insurance, and the financial industry includes banking, trust, leasing, securities and insurance. Insurance belongs to the financial industry, mainly because of its characteristics. Insurance has the characteristics of index, monopoly, high risk and high debt management.

From the perspective of economics, insurance is a financial arrangement to share the loss of accidents; From the legal point of view, insurance is a contractual act, a contractual arrangement in which one party agrees to compensate the other party for losses; From a social point of view, insurance is an important part of the social and economic security system and a "subtle stabilizer" for social production and social life; From the perspective of risk management, insurance is a method of risk management.

Commercial insurance can be roughly divided into property insurance, personal insurance, liability insurance, credit insurance, subsidy insurance and marine insurance.

Large categories are classified according to the scope of insurance liability, and small categories are classified according to the type of insurance subject matter.

According to the scope of insurance, it is divided into: personal insurance, property insurance, liability insurance and credit guarantee insurance.

1. Fire insurance covers the losses caused by fire to the property stored in a certain geographical range and basically in a static state on land, such as machines, buildings, various raw materials or products, household appliances, etc.

2. Marine insurance is essentially a kind of transportation insurance, and it is the earliest insurance in all kinds of insurance business. The insurer is responsible for the loss of the subject matter insured caused by marine risks.

3. Cargo transportation insurance is cargo transportation insurance other than maritime transportation, which mainly covers the loss of goods during inland river, inland river, coastal and air transportation.

4. All kinds of vehicle insurance mainly covers the losses of all kinds of vehicles during driving and parking. It mainly includes automobile insurance, aviation insurance, ship insurance and railway vehicle insurance.

5. Engineering insurance covers all unexpected losses and personal injuries and property losses of third parties in various engineering processes.

6. Post-disaster interest loss insurance refers to the insurance that the insurer bears the insurance liability for all kinds of intangible interest losses that may be caused after the property suffers an insurance accident.

7. Burglary in burglary insurance insures the property against losses caused by acts such as robbery by robbers or theft by thieves.

8. Agricultural insurance mainly covers all kinds of crops or cash crops and all kinds of livestock and poultry losses caused by natural disasters or accidents.