We are living in a society that needs to manage risks of various types and with a significant economic impact. In the context of a risk based civilization, the need of protection has become more pronounced, having as a consequence the request of financial security against possible losses. Therefore, the emergence and development of the insurance business are related to the urgent need to protect the individuals and their assets against a possible loss caused by a particular event. The entire process of insurance consists in offering an equitable method of transferring the risk of a contingent or uncertain loss in exchange for payment.