insurance companies
Coverage policy sellers
Insurance companies are businesses that sell policies protecting against financial loss from specified risks—health emergencies, property damage, death, accidents.
Policyholders pay premiums; in return, the company pays claims when covered events occur.
The industry profits by collecting more in premiums than it pays out, a calculation that makes fighting with insurance companies a familiar frustration when claims are denied or underpaid.
- underwritersThose who assess risk
- claimsStatements of truth
- Lloyd's of LondonBritish insurance marketplace
- actuarial tablesStatistical mortality predictions
- pension fundsPooled retirement investment vehicles
premiums · actuary · claims processing · adjuster · act of God · investment firms · deductible · pre-existing condition · lapse · liability · payout · paperwork · rates · catastrophe · totaled car · auto · healthcare · health plan
- financial entitiesbanks, corporations, institutions, credit unions, investment banks
- auto insurancecollision coverage, liability coverage, comprehensive coverage, theft protection, premium
- insurancecoverage, underwriting, premium, claims, policyholder
- life insuranceterm life, whole life, beneficiary, premium, death benefit
- licensed industriesbanks, casinos, pharmacies, airlines, hospitals
- financial institutionsbanks, central bank, commercial banks, investment bank, investment banks
insurance companiesbanks
Financial institutions or riversides
lenders · hedge funds · investment banks · loan sharks · speculators
company, insure, insurance, assurance, insured, companies, uninsured, insurers, insurer