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Class notes Insurance

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The insurance industry safeguards the assets of its policyholders by transferring risk from an individual or business to an insurance company. Insurance compa- nies act as financial intermediaries in that they invest the premiums they collect for providing this service. Insurance company size is usually measured by net premiums written, that is, premium revenues less amounts paid for reinsurance. There are three main insurance sectors: property/casualty, life/health and health insurance. Property/casualty (P/C) consists mainly of auto, home and commer- cial insurance. Life/health (L/H) consists mainly of life insurance and annuity products. Health insurance is offered by private health insurance companies and some L/H and P/C insurers, as well as by government programs such as Medicare.

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Insurance
Handbook
A guide to insurance:
what it does and how it works

, Insurance
Handbook
A guide to insurance:
what it does and how it works




©2010 Insurance Information Institute. 978-0-932387-47-9

,Insurance Information Institute
110 William Street
New York, NY 10038
Tel. 212-346-5500. Fax. 212-732-1916. www.iii.org

President – Robert P. Hartwig, Ph.D., CPCU –
Executive Vice President – Cary Schneider –
Senior Vice President – Public Affairs – Jeanne Salvatore –
Senior Vice President and Chief Economist – Steven N. Weisbart, Ph.D., CLU –


Research
Vice President – Global Issues – Claire Wilkinson –

Publications
Vice President – Publications and Information Services – Madine Singer –

Managing Editor – Neil Liebman –
Research and Production – Mary-Anne Firneno –
Director – Technology and Web Production – Shorna Lewis –
Production Assistant – Katja Charlene Lewis –
Information Specialist – Alba Rosario –
Special Consultant – Ruth Gastel, CPCU –
Media
New York:
Vice President – Media Relations – Michael Barry –
Vice President – Web and Editorial Services – Andréa C. Basora –

Vice President – Communications – Loretta Worters –
Web/Media Producer – Justin Shaddix –

West Coast:
Insurance Information Network of California:
Executive Director – Candysse Miller –
Tel. 213-624-4462. Fax. 213-624-4432.
Northern California:
Communications Specialist – Tully Lehman –
Tel. 925-300-9570. Fax. 925-906-9321.
Representatives
Davis Communications – William J. Davis, Atlanta –
Tel. 770-321-5150. Fax. 770-321-5150.
Hispanic Press Officer – Elianne González, Miami –
Tel. 954-389-9517.
Florida Representative – Lynne McChristian, Tampa –
Tel. 813-480-6446. Fax. 813-915-3463.

, Insurance
Handbook
A guide to insurance:
what it does and how it works




©2010 Insurance Information Institu§te. 978-0-932387-47-9

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Uploaded on
May 16, 2023
Number of pages
205
Written in
2009/2010
Type
Class notes
Professor(s)
Robert hartwig
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