March 2016
Intermediate to advanced
700 pages
144h 54m
English
Content preview from Principles of Risk Management and Insurance, 13th EditionBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Overview of Private Insurance in the Financial Services Industry
The financial services industry consists of thousands of financial institutions that provide financial products and services to the public. Financial institutions include commercial banks, savings and loan institutions, credit unions, life and health insurers, property and casualty insurers, mutual funds, securities brokers and dealers, private and state pension funds, various government-related financial institutions, finance companies, and other financial firms.
As part of the financial services industry, the insurance sector has a profound financial impact on the U.S. economy. In 2013, premiums written by the insurance industry totaled $1 trillion, with life and health insurers ...
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