insurance
Companies that provide insurance protection or supporting services for the insurance industry.
Insurance is the business of mitigating risk by pooling large amounts of financial assets in order to spread risks in a particular area of activity. Companies which provide this service or tangential supporting services are included in this category.
An insurance agent sells the coverage, while an insurance company provides the risk protection. One company can perform both tasks.
Reinsurance concerns the distribution of risks associated with insurers. These supporting and risk-bearing roles belong to the industry even when they do not involve a public service branch.
