Answered

Find trusted answers to your questions with the help of IDNLearn.com's knowledgeable community. Ask any question and get a detailed, reliable answer from our community of experts.

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


Thank you for being part of this discussion. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. IDNLearn.com provides the answers you need. Thank you for visiting, and see you next time for more valuable insights.