Answered

IDNLearn.com: Where your questions meet expert advice and community support. Our platform provides detailed and accurate responses from experts, helping you navigate any topic with confidence.

A participating company is also referred to as which type of insurer?

A. Re-insurer
B. Mutual insurer
C. Domestic insurer
D. Reciprocal insurer

Sagot :

GinnyAnsweridn

Final answer:

Mutual insurers are owned by policyholders, reinsurers participate in sharing risks, and mutual insurance firms have a significant market share globally.


Explanation:

Mutual insurers are companies where policyholders are the owners, and profits are typically retained to reduce future insurance premiums. Reinsurers participate in insuring other companies, sharing risks, and receiving part of the premium.

Examples of well-known mutual insurance firms include Northwestern Mutual, State Farm Insurance Company, and Länsförsäkringar.

Globally, the mutual insurance market share was just over 26% in 2015, with many Western European countries having market shares of over 45%.


Learn more about Mutual and Reinsurance Companies here:

https://brainly.com/question/41453539


We appreciate your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Thank you for trusting IDNLearn.com. We’re dedicated to providing accurate answers, so visit us again for more solutions.