How does insurance work? – In a nutshell

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In the first episode of «What the …? Insurance in a nutshell» – AXA’s new explanatory video series – we show you how insurance works. We also answer the questions listed below – and in just two minutes!
You can post additional questions directly in the comments. Simply subscribe for more explanatory videos about the Swiss insurance system!

We answer the following questions in this video:
00:00 What is the topic?
00:34 What is the role of insurance?
01:03 How does insurance finance itself?
01:09 What is a risk community?
01:14 What does solidarity principle mean?
01:36 How is an insurance premium calculated?

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