Probabilistic-statistical model of insurance capital

The article reveals the necessity of introduction of new economic category such as "insurance capital". Insurance activity generates a specific kind of capital (as a production factor) — the guarantee fund, which is called "primary insurance monetary capita". The article establishes that, due to its probabilistic and statistical nature, the insurance capital has a number of specific features in addition to conventional characteristics of capital as a production factor. Basing on probabilistic-statistical model author investigates the role of insurance capital in the formation of price for insurance services. In particular, the author exposes that the law of diminishing returns is not universal when talking about insurance capital.