What Is Life Insurance? Life insurance is a contract between a life insurance company and a policy owner. A life insurance policy guarantees the insurer pays a sum of money to one or more named beneficiaries when the insured person dies in exchange for premiums paid by the policyholder during their lifetime. What Is Life … Read more
Next Insurance raises $250M to $4B, Next Business Insurance Review 2023 Next Insurance recently announced that it has raised a $250 million round, valuing the SMB-focused insurance provider at $4 billion. The company last raised another $250 million in September 2020, at a valuation of $2 billion. This funding also comes after Next Insurance acquired … Read more
Many American workers remain in jobs they’d rather leave — simply because they don’t want to lose their health insurance, a new Gallup poll reveals. That’s the situation for 16% of respondents in a nationwide poll of more than 3,800 adults conducted March 15-21. The fear is strongest among Black workers. Pollsters found they are … Read more
Better have some savings stored up before you rush to the delivery room: A new analysis shows the average out-of-pocket expense for delivering a child in the United States is nearly $3,000, even if you’re insured. Other studies have looked at the costs for specific services, such as Cesarean sections versus vaginal deliveries, but those … Read more
Factor in out-of-pocket costs, annual premiums and potential risks in the decision-making process. When it comes to selecting an insurance plan, you have a tricky financial choice to make: Purchase the most expensive insurance policy or pass up a high-priced policy in favor of more affordable coverage and rock-bottom annual premiums? You don’t want to … Read more
The life insurance market in the United States is both massive and highly competitive. Though bigger may not mean better, either for consumers or for investors, it does imply a degree of longevity and financial stability in the life insurance business. Life insurance is a policy or contract that guarantees the customer or the insured’s … Read more
The insurance sector is made up of companies that offer risk management in the form of insurance contracts. The basic concept of insurance is that one party, the insurer, will guarantee payment for an uncertain future event. Meanwhile, another party, the insured or the policyholder, pays a smaller premium to the insurer in exchange for … Read more
There are a number of ways to rank the size of insurance companies. Companies can be measured by their market capitalization (the value of the company on a stock exchange) or by using sales figures, such as net premiums written in a year or how many policies were sold. Here, we examine the top 10 … Read more
In 2022, the top ten largest insurance companies in the world will propel the global insurance market to new heights. According to Emergen Research, insurance industry continues to be profitable, with growth rates of 6.2 percent to reach USD 8,921.88 billion in 2028. In order to succeed as a new market entry in 2022, it … Read more
The insurance industry is well-represented in the latest Forbes Global 2000 list, which ranks 2,000 of the world’s largest public companies based on a composite score that accounts for each firm’s revenue, profit, assets, and market value. A total of 105 insurers made the 2022 rankings, with 11 securing spots in the top 100. The … Read more