Insurance is a flourishing financial industry in modern times. However, insurance today does not mean only those types which involve human life, like for example, life insurance, health insurance, disability insurance, annuities, pensions, and others. There is also non-life type of insurance, like for instance, fire insurance, marine insurance, flood insurance, and others. In fact if we trace the origin of insurance in Western countries like the US or the UK, the first instances of insurance were mainly non-life [the fire insurance issued following the Great Fire of London in the UK in 1666, or the fire insurance company formed in South Carolina, the US, in 1732 were the earliest instances of insurance in modern sense].
The Non-life or general insurance companies are those which sell other types of insurance besides the regular ones concerning human life. In most countries, both life and non-life insurance providers are subject to different regulations, and the main reason for that is while life insurance business is long term in nature (coverage for which can last over many decades), non-life insurance business generally covers a shorter period, for instance, just one year.
Similar to the US, there are a large number of non-life insurance companies in the UK. For more information on UK Non Life Insurance Companies , please explore the following links:
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UK Non Life Insurance Companies
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