Tài chính doanh nghiệp - Chapter fifteen: Insurance companies

The primary function of insurance companies is to compensate policyholders if a prespecified event occurs, in exchange for premiums paid insurance underwriters assess and price risk insurance brokers sell insurance contracts for coverage or for a policy Insurance is broadly classified into two groups life insurance provides protection against untimely death, illness, and retirement property-casualty insurance protects against personal injury and liability Insurance companies also sell a variety of investment products similar to other FIs