III Sector- Bad Bitch (Stay High 2017)
P C insurance consists mainly of automobile, home and business insurance Net premiums written for the sector totaled $ 519 8 billion in 2015.
The H insurance sector consists mainly of annuities and life insurance Net premiums written for the sector totaled $ 635 6 billion in 2015.
Health insurance is generally considered separate area includes the private health insurance companies and government programs P C and L H insurers also write health insurance.
There were 5926 insurance companies in 2015 in the United States, including territories, including PC in 2544, the 872 life annuities, health 859 fraternal 85, title 56, conservation groups and risk 239 other companies in 1261, according to the national Association of insurance Commissioners.
Insurance companies and related activities contributed 450 3 billion, or 2 by 6 percent U gross domestic product in 2014, according to the U S Bureau of Economic Analysis.
The US insurance industry employed 2 5 million people in 2015, according to the US Department of Labor of those these, 1 5 million worked for insurance companies, including life insurers and health workers 851.100, PC insurers and reinsurers 25,100 workers 599.700 workers the still 1 one million people worked for insurance agents, brokers and other insurance-related businesses.
Total PC cash and invested assets were to 1 $ 5 trillion in 2015, according to Global Intelligence LH SP cash market and invested assets totaled 3 7 trillion in 2015. The total cash and invested assets for both sectors was 5 2000000000000 the majority of these assets were in bonds 62 percent of PC assets and 74 percent of LH assets.
P and C insurance companies paid L H Feb. 19 billion in premium taxes in 2015, or 60 for every person living in the United States, according to the Department of Trade U S.
P C insurers paid 15 2 billion in property losses from catastrophes in 2015, against 15 billion in 2014, 5 in the division of property services Verisk Analytics There were 39 disasters in 2015, against 31 in 2014.
Casualty and health insurance premiums, life in 2015 1.
1 P & C net premiums written after reinsurance transactions, excludes state funds; health premium life annuities Counterparties costs for annuity and type of deposit funds.
Source NAIC data from S P Global Market Intelligence, Insurance Information Institute.
The insurance agencies, brokerages and related services.
1 Establishments primarily engaged in underwriting insurance policies originally 2 Includes establishments engaged in underwriting annuities, life insurance and health insurance policies and medical 3 includes adjusters, third party administrators insurance funds and other service personnel such as advisory services and pricing of insurance.
Source U S Department of Labor, Bureau of Labor Statistics.
An insurer of property damage must maintain a certain level of surplus to underwrite risks This financial cushion is known as capacity When the industry is hit by heavy losses, as a major hurricane, the capacity is reduced it can be restored by the increase in net income, favorable investment returns, reinsuring more risks, or increase capital.
Property and casualty insurance sector Revenue Analysis, 2011-2015 1.
Overview of the Industry III, industry, cash invested assets, from World Market Intelligence, according to the world market.