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How term insurance company makes profit?

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in Insurance by (82.5k points)
How term insurance company makes profit?

The doubt is from why does insurance often provide peace of mind

The question was posed to me in a national level competition.

Other related questions to my question are:

How term insurance company makes profit?

How much profit do insurance companies make?

How do life insurance companies calculate profit?

How do insurance policies make money?

1 Answer

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by (393k points)
Correct answer is: Most insurance companies generate revenue in two ways: Charging premiums in exchange for insurance coverage, then reinvesting those premiums into other interest-generating assets. Like all private businesses, insurance companies try to market effectively and minimize administrative costs.

The title of my answer can be What Is the Main Business Model for Insurance Companies?

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