Mutual Insurance Company: What It Is and Examples
What comes to mind when you hear of Mutual Insurance Company? This type of insurance company is a privately held one that is 100%...
Peer-to-Peer Insurance: What It Is and How It Works
Over the years, traditional insurance has been criticized for its inefficiency, lack of transparency, and complexity. Hence the emergence of a new type of...
What is Short-Term Health Insurance?
Short-term health insurance is a type of insurance that offers temporary coverage for health and other related expenses, which means that it provides medical...
Income Protection Insurance
Income protection insurance:Let’s say you are the only source of income in your family. When working at full capacity, your life and family are...
Personal Liability Renters Insurance
What is Personal Liability Renters Insurance? The apartment or house you rented may be a sweet place, but it is also filled with potential...
State Farm Renters Insurance
One of the biggest American insurance companies, State Farm, provides many renter coverage options. And give its customers the ability to bundle different insurance...
Parametric Insurance: What It is and How It Works
The insurance industry is currently expanding, and new policies are being introduced to people. Product innovation and data analytics have also evolved over the...
What is Captive Insurance?
Captive insurance is typically an alternative to self-insurance that allows a company to establish their own insurance company instead of having to purchase directly...
What is Business Overhead Expense Insurance?
Business overhead expense insurance, also known as business expense insurance, is an insurance policy typically designed for business owners who are unable to manage...
What is Assumption Reinsurance?
In the revolutionized world of the insurance industry, insurance providers usually seek methods and strategies that would enable them to manage risks and optimize...