In a world of increased individual financial responsibility, where workers are in charge of their financial well-being and where financial markets offer new and complex financial products, managing personal finances is important so that they can act in line with the market. Just as it has proved impossible to succeed in the modern world without a certain dose of literacy, so it will be impossible to succeed in today’s financial system without knowledge of the systems of economics and finance. Insurance can provide protection to individuals and organizations that in some way want to protect their property or insure themselves against possible risks. In recent years, several economic forces have joined forces to accelerate the development of insurance-related capital market innovations. In non-life insurance, the first and perhaps most important initiator of innovation is the growth of property values in geographical areas prone to catastrophic risk. Life insurance covers the risk of death of the insured, and if this risk occurs, a certain amount of insurance is paid to the insurance beneficiary, which is stated on the insurance policy by the contractor.