Insurance under pressure

 https://www.gisreportsonline.com/r/insurance/

By contrast, non-life insurance covers the insured against the losses related to risky events like poor health, job loss or accidents. In this case, the resources collected in a given year are used to cover the losses incurred by the insured in the same year. Finally, reinsurance characterizes companies that accept responsibility for at least some insurers’ liabilities. In other words, the insured pays the insurance company a policy, and the insurance company transfers the corresponding liability to a reinsurer.