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What are the ways insurance companies drive income to cover up expenses?
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[QUOTE="sincerem, post: 143092, member: 25228"] How do insurance generate their own revenue to outsource their own expenditures and drive profit as well? Since we know insurers come into insurance to register via any premium policy plan in order to recoup gain, more than they've invested. You should ask yourself, how do insurance cover up all this bills of insurers and drive their own profit to keep their company afloat for many years? Here are some of the ways insurance drives money to take care of their own expenditures with reserve as profit. * Insurance make money by charging premium services from insurers in exchange for the premium insurance coverage, * Then reinvesting those funds to their private businesses, Interest generating investments like loaning funds to customers, buying of stocks and xD. They try to manage administrative expenses to minimize total cost they spend on premiums in order to run for long time. What other means does insurance utilize to generate their own revenue to care for their bills and make profit for themselves? [/QUOTE]
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What are the ways insurance companies drive income to cover up expenses?
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