Insurers are individual(s) or companies who/which, through a contractual agreement, shoulder responsibility to compensate specified losses, liability, or damages incurred by another individual. Generally, an insurer is an insurance company and is also referred to as an underwriter .
About the Insurer or Insurance Company :
There are two principal types of insurance companies, namely, mutual and stock. A mutual company is owned by the policy owners and its profits take the form of policy dividends, or refunds of part of premiums paid (distributed to policy owners). A stock company, on the other hand, is owned by its stockholders. Here profits take the form of stockholders' dividends (distributed to stockholders).
Profit for Insurer :
There are two ways in which an insurer makes money.
Examples of Insurer or Insurance Companies:
Here is a list of some of the leading insurance companies in the world:
For more information on Insurer, please refer to www.mapsofworld.com .
