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.

1. GIM1010

   Legal and economic basis of insurance: introduction
2. GIM1020

   Legal basis of insurance: no statutory definition
3. GIM1030

   Legal basis of insurance: case law
4. GIM1040

   Legal basis of insurance: contract of insurance
5. GIM1050

   Legal basis of insurance: insurable interest
6. GIM1060

   Legal basis of insurance: indemnity
7. GIM1070

   Legal basis of insurance: regulatory definition of 'insurance business'
8. GIM1080

   Legal basis of insurance: regulatory guidance on 'insurance business'
9. GIM1090

   Economic basis of insurance: transfer and sharing of risk
10. GIM1100

    Economic basis of insurance: meaning of risk
11. GIM1110

    Economic basis of insurance: risk and premiums
12. GIM1120

    Economic basis of insurance: pooling of risks
13. GIM1130

    Economic basis of insurance: law of large numbers
14. GIM1140

    Economic basis of insurance: spread of business
15. GIM1150

    Economic basis of insurance: 'underwriting risk' and 'timing risk'
16. GIM1160

    Economic basis of insurance: re-insurance and co-insurance
17. GIM1170

    The UK insurance market: regulation and supervision
18. GIM1180

    The UK insurance market: insurance companies
19. GIM1190

    The UK insurance market: EEA insurers
20. GIM1200

    The UK insurance market: friendly societies
21. GIM1210

    The UK insurance market: Lloyd's
22. GIM1220

    The UK insurance market: the domestic market
23. GIM1230

    The UK insurance market: the London Market
24. GIM1240

    The insurance and provisioning cycles