There are insurance companies and reinsurance companies. The insurance companies are the folks that have their designation on your insurance policy. They aren’t the insurance agent that sells it to you, however rather a huge corporation with lots of assets, collecting money from hundreds of thousands if not millions of human beings, and putting it into a pool, and when one person has a calamity, accident, or situation they can pay it off without having to worry.
Tags: | philippines | thoughts | communication |
May 27, 2011
Insurance and Re-Insurance Exposure to Natural Disasters Considered
Comments Off
No Comments
No comments yet.
RSS feed for comments on this post.
Sorry, the comment form is closed at this time.