Insurance Company

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An Insurance Company is a for-profit organization that ...



  • (Wikipedia, 2021) ⇒ Retrieved:2021-3-19.
    • Insurance companies may sell any combination of insurance types, but are often classified into three groups:
    • In most countries, life and non-life insurers are subject to different regulatory regimes and different tax and accounting rules. The main reason for the distinction between the two types of company is that life, annuity, and pension business is very long-term in nature – coverage for life assurance or a pension can cover risks over many decades. By contrast, non-life insurance cover usually covers a shorter period, such as one year.