Structure of the insurance markets Flashcards
1
Q
Insurance providers
A
Include mutual insurance companies, proprietary insurance companies and Lloyd’s syndicates
2
Q
Intermediaries
A
Include brokers, Lloyd’s brokers and insurance consultants
3
Q
Aggregators
A
Bring together the offerings of numerous insurers
4
Q
Customers
A
Insurance customers pay premiums for insurance policies, they include local government, individuals, and businesses
5
Q
Reinsurers
A
Allow insurers to spread the risk of their insurance policies
