Question

The various constituents of the insurance market

Answer 1

Explanation:

There many types of insurancepolicies.

Life, health, homeowners, and auto, are the most common forms ofinsurance.

The components that make up most insurance policies are the deductible, policy limit, and premium.

Answer 2

Insurance market:

As per Business Insider Lexicon, the insurance market is essentially the "purchasing and selling of insurance."

Insurance for risk management is purchased by individuals or groups from insurers that provide coverage for specific risks.

Constituents of the insurance market:

1. The insurance industry has progressed from the first motor insurance policy to the different types of life insurance policies that are available today.
2. Property/liability insurers, life insurers, and health insurers are all part of the insurance sector.
3. Each of these sorts of insurers has its own set of rules that govern the insurance that they offer.
4. Depending on the type of insurance provided, insurers are subject to a combination of state and federal rules.

• Common ownership
• Mutual insurance companies
• Health insurance
• Stock insurance companies
• Properties and casualty