Facts About Insurance

Insurance Facts

  • Insurance is categorized on risk, type and hazards.
  • Did you know that the first insurance contract dates back in 1347, from Genoa?
  • The insurance industry is pretty big. In 2017 The insurance sectors contribution did a poll, and the US GDP stood at 3.1%.
  • Net premiums that were written in the US insurance industry amounted in $1.2 trillion.In the life and annuity segment 52% was written, and the remaining 48% was written in the casualty and property sector.
  • Statics show that an average family will spend about 5-10% of their income on insurance.

Types Of Insurance

There are 8 main types of insurance:

  1. Health insurance
  2. Car insurance
  3. Life insurance
  4. Homeowners insurance
  5. Umbrella insurance
  6. Renters insurance
  7. travel insurance
  8. pet insurance
image shows different pics depicting the different kinds of insurance policies

You May Also Like…