Insurance companies are older than you can imagine, in fact their creation dates back to the Ancient Age since they sought to protect the personal interests and interests of existing communities, but what is their profile like today? Show First of all, we must define them; Insurers are companies that specialize in insurance, whose economic activity is based on offering a security service, covering certain economic risks (which are insurable), the economic units of production and consumption. Know the 7 characteristics of insurers1.- Its activity is focused on an operation to accumulate wealth through the contribution of the insured and thus guarantee financial support in the event of an unfavorable economic event. 2.- Follow the principle of mutuality, seeking solidarity between a group subject to risks, that is, creating a heritage that copes
with risks. 3.- Insurance companies can be of different types depending on their legal constitution: mutual companies, corporations, cooperatives and social security mutuals. Furthermore, all of them share the essential characteristics for marketing insurance. 4.- They can operate in one or multiple branches (automobile, accidents, fires, civil liability, among others), as long as they comply with the necessary authorization from the regulatory body. 5.- They must have sufficient financial resources and solvency, so the legislation imposes many restrictions on them. 6.- The activity of insurers cannot be carried out by natural persons, since legal regulations seek permanence and stability in this sector. 7.- They are constantly regulated by the State to allow the highest level of trust to be reflected between the insured and investors, therefore they are under his protection and vigilance. Protecting our assets and being financially supported in the face of some unfortunate event is a benefit that we can all count on and that is also necessary as we obtain insurable assets. Insurance companies have a long history of their work and although they have not changed much since their inception, nowadays and thanks to the appearance of new technologies they have evaluated possibilities of change to innovate and satisfy their clients and new future clients. At LISA we love to innovate and for this we have decided to be the perfect ally to accompany insurers in the independence of their processes in order to create a different and unique impact. If you need to know more, contact us by clicking here. Read Online (Free) relies on page scans, which are not currently available to screen readers. To access this article, please contact JSTOR User Support . We'll provide a PDF copy for your screen reader. With a personal account, you can read up to 100 articles each month for free. Get StartedAlready have an account? Log in Monthly Plan
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journal article Characteristics of Common Stock Holdings of Insurance CompaniesThe Journal of Risk and Insurance Vol. 63, No. 1 (Mar., 1996) , pp. 49-76 (28 pages) Published By: American Risk and Insurance Association https://doi.org/10.2307/253516 https://www.jstor.org/stable/253516 Read and download Log in through your school or library Alternate access options For independent researchers Read Online Read 100 articles/month free Subscribe to JPASS Unlimited reading + 10 downloads Purchase article $9.00 - Download now and later Abstract This article investigates the stock market portfolios of insurance company portfolio managers and compares the characteristics of their equity holdings with those of other (noninsurance) institutional equity portfolios. The main finding is that the cross-sectional determinants documented by earlier researchers for aggregate institutional ownership levels in firms do not have the same explanatory power for levels of ownership of insurance companies. On the other hand, these same firm characteristics have significantly high explanatory power regarding the decision of insurance companies to invest in a firm. Journal Information The Journal of Risk and Insurance publishes rigorous, original research in insurance economics and risk management. This includes the following areas of specialization: (1) industrial organization of insurance markets; (2) management of risks in the private and public sectors; (3) insurance finance, financial pricing, financial management; (4) economics of employee benefits, pension plans, and social insurance; (5) utility theory, demand for insurance, moral hazard, and adverse selection; (6) insurance regulation; (7) actuarial and statistical methodology; and (8) economics of insurance institutions. Both theoretical and empirical submissions are encouraged. Empirical work should provide tests of hypotheses based on sound theoretical foundations. JSTOR provides a digital archive of the print version of The Journal of Risk and Insurance. The electronic version of The Journal of Risk and Insurance is available at http://www.blackwell-synergy.com/servlet/useragent?func=showIssues&code;=jori. Authorized users may be able to access the full text articles at this site. Publisher Information The American Risk and Insurance Association (ARIA) is a worldwide group of academic, professional, and regulatory leaders in insurance, risk management, and related areas, joined together to advance the study and understanding of the field. Founded in 1932, ARIA emphasizes research relevant to the operational concerns and functions of insurance and risk management professionals and provides resources, information, and support on important insurance and risk management issues. Two main goals of the organization are 1) to expand and improve academic instruction of risk management and insurance, and, 2) to encourage research on all significant aspects of risk management and insurance. Rights & Usage This item is part of a JSTOR Collection. What are the characteristics of a mutual insurance company?An insurance company owned by its policyholders is a mutual insurance company. A mutual insurance company provides insurance coverage to its members and policyholders at or near cost. Any profits from premiums and investments are distributed to its members via dividends or a reduction in premiums.
What type of insurance company is a mutual?A mutual insurance company is an insurer that provides collective self-insurance to its Members. It has no shareholders and is owned and controlled by its Members.
What is the main advantage of an insurance mutual company?A major benefit of mutual insurance companies is that ownership is shared among policyholders. As a result, capital can be returned directly to them in the form of either policyholder dividends or premium credits.
What is a mutual insurer in insurance?In the simplest terms, it means the policyholders mutually own the company. When you purchase a policy from a mutual medical professional liability insurance company, you receive an ownership stake in that company, just as you do when you buy stock or invest in a mutual fund.
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Which one of the following describes the characteristics of a mutual insurance company?
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