Unlocking Your Business Potential
How profitable is an insurance agency? Many insurance firms operate on margins as low as 2% to 3%. Smaller profit margins mean even the smallest changes in an insurance company’s cost structure or pricing can mean drastic changes in the company’s ability to generate profit and remain solvent. Read more on www.investopedia.com Opening an insurance … Read more
How does insurance company make profit? There are two basic ways that an insurance company can make money. They can earn by underwriting income, investment income, or both. The majority of an insurer’s assets are financial investments, typically government bonds, corporate bonds, listed shares and commercial property. Read more on blog.ipleaders.in In the event of … Read more
Why is commercial insurance so expensive? Commercial auto coverage typically is more expensive because you’re at risk for higher liability and property damage claims when transporting people or goods for money. However, even if you are the only driver and your personal car is the only vehicle that needs coverage, commercial insurance can be worth … Read more