Facts About Insurance

  • 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.

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

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