كتيب التأمين – دليل التأمين: ماذا يفعل وكيف يعمل / Insurance Handbook – A guide to insurance: what it does and how it works

The insurance industry safeguards the assets of its policyholders by transferring risk from an individual or business to an insurance company.
Insurance companies act as financial intermediaries in that they invest the premiums they collect for providing this service.
Insurance company size is usually measured by net premiums written, that is, premium revenues less amounts paid for reinsurance.
There are three main insurance sectors: property/casualty, life/health and health insurance. Property/casualty (P/C) consists mainly of auto, home and commercial insurance. Life/health (L/H) consists mainly of life insurance and annuity products.
Health insurance is offered by private health insurance companies and some L/H and P/C insurers, as well as by government programs such as Medicare.
Regulation
All types of insurance are regulated by the states, with each state having its own set of statutes and rules. State insurance departments oversee insurer solvency, market conduct and, to a greater or lesser degree, review and rule on requests for rate increases for coverage.
The National Association of Insurance Commissioners develops model rules and regulations for the industry, many of which must be approved by state legislatures. The McCarran-Ferguson Act, passed by Congress in 1945, refers to continued state regulation of the insurance industry as being in the public interest.
Under the 1999 Gramm-Leach-Bliley Financial Services Modernization Act, insurance activities—whether conducted by banks, broker-dealers or insurers—are regulated by the states. However, there have been, and continue to be, challenges to state regulation from some segments of the federal government as well as from some financial services firms.
Regulation
All types of insurance are regulated by the states, with each state having its own set of statutes and rules. State insurance departments oversee insurer solvency, market conduct, and to a greater or lesser degree, review and rule on requests for rate increases for coverage.
The National Association of Insurance Commissioners develops model rules and regulations for the industry, many of which must be approved by state legislatures. The McCarran-Ferguson Act, passed by Congress in 1945, refers to continued state regulation of the insurance industry as being in the public interest.
Under the 1999 Gramm-Leach-Bliley Financial Services Modernization Act, insurance activities—whether conducted by banks, broker-dealers or insurers—are regulated by the states. However, there have been, and continue to be, challenges to state regulation from some segments of the federal government as well as from some financial services firms.