The concept and characteristics of insurance companies

To answer this question, we must first understand the product model of insurance companies:

The main product of an insurance company is an insurance policy, which is a contract, and the content of the contract is a commitment to risk. Therefore, the biggest feature of insurance companies is that they can give certain compensation as a promise when future risks occur and sell them in the form of insurance policies. Therefore, this kind of contract is a lucky contract.

At the same time, because the products operated by insurance companies are faced with social property and personal safety, they are closely integrated with social wealth and are social and financial;

Because of his sociality, insurance companies are required to pay more attention to honest service and take maintaining social stability as the primary premise;

Because of its financial nature, the supervision of insurance companies by relevant departments is much stricter than that of general industries.

The above are just some of the characteristics of insurance companies. It is suggested that individuals supplement the analysis according to the most basic things.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.