Abstract
insurance are in a flourishing state. To write in detail of either would take too much space, and we shall therefore limit ourselves in this article to a descriptive presentation of the problem in its technical and statistical aspects. The insurance technique differs according as one is dealing with individual or social insurance. The former is based upon the individual premium: every case insured is an account in itself, to be balanced by an amount so worked out as to equal the probable cost of the risk run. For social insurance, on the other hand, there is in Italy widespread application of the criterion of collective risk; it is not the individual but rather the group which is taken into consideration, and it is upon a basis of the inherent characteristics of the group that the cost of the insurance is worked out and the due payment scheduled.
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