The following types of insurance services can be distinguished: — Life insurance: includes insurance on a contractual basis of following items: life assurance, (which covers assurance on survival to a stipulated age only, assurance on death only, assurance on survival to a stipulated age or an earlier death, life assurance with return of premiums, marriage assurance and birth assurance) annuities, supplementary insurance (insurance against personal injury and disability resulting from an accident or sickness), and permanent health insurance; — Non-life insurance: includes insurance against following risks: accident, sickness, land vehicles, railway rolling stock, aircraft, ships, goods in transit, fire and natural forces, other damage to property, motor vehicle liability, aircraft liability, liability for ships, general liability, credit, suretyship, miscellaneous financial loss and legal expenses; - Reinsurance: an insurance enterprise undertaking insurance with policy holders often transfers some of the risks incurred to other insurance enterprises. These transactions between insurance enterprises are called reinsurance.