Roles Of Insurance Companies Pictures

Roles Of Insurance Companies
Pictures
. In other words, reinsurance companies are companies that receive insurance liabilities from insurance companies. As a nation, people in the u.s.

ECGC(Export Credit Guarantee Corporation)
ECGC(Export Credit Guarantee Corporation) from image.slidesharecdn.com

This increased to about 50companies as at 1975. Insurance is quite simply, an arrangement where an entity (insurer) promises to provide compensation to the insured upon the happening of a specified event or loss. They generate profits by charging more than your statistical cost of making claims.

There were about 25 insurance companies operating in nigeria as at 1960.

There were about 25 insurance companies operating in nigeria as at 1960. How do insurance companies make money. Insurance is quite simply, an arrangement where an entity (insurer) promises to provide compensation to the insured upon the happening of a specified event or loss. They allow people to share their liability by pooling the individual risk and help them reduce the chances of facing the financial devastation.