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How insurance companies generate their income
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[QUOTE="Augusta, post: 172443, member: 25283"] The insurance sector of the economy is a money making one though the seek to give converage for whatever is insured. But they also make money through it via the following ways: Through underwriting : This is where the bulk of the money comes from. This comes from the premium that all clients paid for being insueed. Through investments: The insurance company get revenue from investing the premium received in other money generating investments. So they make their income from here. From coverage lapses: This is another good way of making money by the insurance company, this is where a policy expires and there was no claims ofcourse the insurance company will cash in and keep all the premium without paying out any claims. [/QUOTE]
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