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