By onlyinvesting.info
May 22, 2018
#auto insurance #business insurance #car insurance #education #Educational #explained #Health Insurance #home insurance #how do they work #infographics show #insurance #insurance claim #insurance company #insurance explained #insurance industry #life insurance #the infographics show #types of insurance #types of insurance companies #types of insurance coverage #types of insurance plans #types of insurance policies
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How do insurance companies actually work and how do they make money?
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Have you had good or bad experience when filing a claim to the insurance company?
So basically socialism with extra steps
A big thanks to Africa billionaire on YouTube for introducing me to mutual benefit assurance plc, I was able to build a house and bought a car with one of their policy, am so happy.
The last five minutes blew my mind. I think the selling premiums to use for higher interest returning assets is genius. Insurances are the forefarthers of the passive income everyone wants. Literally having even a small slice of this scheme will set yourself in good standings for the rest of your life! Thank you for the information. I'm saving this video
Looks dodgy business
Nice explanation on how insurance works and the history of how it developed.
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Hi Everyone! I am a licensed insurance agent and would be more than happy to answer any questions and help anyone with their insurance needs. Great video and keep up the great work! God Bless!
Insurance conferences = Discount Stripclub Conference
I genuinely despise insurance companies I think they are crooks. And I am a share holder of a insurance company my extended family started 4 generations ago.
This should have included more details, as what are insurance companies doing with the premiums! They obviously invest them in things that provide interest rates.
Interesting
This has been so insightful, thank you very much! 😃
I did ‘like’ the video. You forgot to explain 60% of the premium goes to the building, staff, phones, computers etc, that enable the payment of claims. I will give it…..6 out of 10 😂
Now do How takaful works.
Believe or not, we are paid to
Be sick
Here’s how they make money. They charge you high insurance fees for years. Then when you have an emergency, they find reasons not to honor their contract, and they don’t pay out anything. Then, they charge you more for insurance simply because you had an emergency and you reported it.
I see how it is
Insurance companies are too picky and choosy when it comes to potential clients. They like to cherry pick, even helicopter pilots have a difficult time getting life insurance. I assume police and airplane pilots have a difficult as well, when it comes to life insurance. I do believe the system needs a re-vamping and needs to be Federally operated to get rid of the cherry picking unfairness and the higher costs that are associated with these private companies.
Good job
I think it’s pretty clear that risk and investments and vast growth of markets needs some semblance of change management. But, the process of sales and client working and better… considering costs of storms and health expenses. The negative feedback loops
Created will bring us all down. The current reality is not even close to sustainable. Yet, the can just keeps getting kicked. These works is also making other dangerous issues arise in obviousness. The health interoperability could help with regional
Work. The privacy, transparency and proper oversight is getting far bigger in needs.
Certainly, and thank you for your video, which provides an excellent and comprehensive overview of the insurance industry. The insights offered are incredibly enlightening for anyone wishing to understand the inner workings of insurance companies, as well as the historical context. Below are some action items accompanied by time stamps that could serve as an in-depth guide for viewers:
### Understanding the Fundamentals of Insurance
👉 *Time Stamp: 0:41 – 1:26*
It is imperative to comprehend the basic principle of insurance, as illustrated by the example between Bob and Jim. This section provides viewers with a cornerstone understanding of the risk-sharing mechanism inherent in all types of insurance.
### Historical Background of Insurance
👉 *Time Stamp: 1:38 – 2:00*
Understanding the historical evolution of insurance—especially its roots in London's coffee shops—can offer valuable context for the modern industry. This segment should be a focal point for those interested in the historical development of insurance.
### The Role of the Underwriter
👉 *Time Stamp: 2:21 – 2:50*
This section elucidates the often-overlooked yet critical role of the underwriter in risk assessment. By focusing on this part, viewers can gain a deeper understanding of how insurance premiums are determined.
### Introduction to Reinsurance
👉 *Time Stamp: 3:56 – 4:25*
Reinsurance can be a complex subject, but this segment succinctly clarifies how it functions as a safeguard for insurance companies. For those interested in how risks are further mitigated, this section is insightful.
### Modern Business Models and Investment Strategies
👉 *Time Stamp: 5:29 – 5:57*
The discussion around how insurance companies invest the premiums they collect provides invaluable information on their business models. This section is crucial for understanding the financial sustainability of insurance firms.
In summary, your video succeeds in demystifying a complex subject matter, presenting it in a coherent and engaging manner. I look forward to future content that continues to educate and enlighten. Thank you.
Thanks
Ol' Jimbob.
All insurance companies are a scam to steal your money. Stop getting insurance and just pay out of pocket when necessary.
❤❤❤
nice bro
since last yr 2023 i discovered the aquarium hobby which has taken oveer my feed. i missed you guys and i am back
This is really interesting
that cleared out SO many questions.
Hi sir ❤
Hi sir good morning
Lil too fast?~¿?