Insurance carriers are companies that offer insurance policies to individuals and businesses. These companies are responsible for underwriting policies, calculating premiums, and paying out claims to policyholders when they suffer a loss covered by their policy. Continue Reading Below
Insurance carriers are companies that offer insurance policies to individuals and businesses. These companies are responsible for underwriting policies, calculating premiums, and paying out claims to policyholders when they suffer a loss covered by their policy. Insurance carriers make money by collecting premiums from policyholders and investing those funds, and by charging a higher premium than the expected cost of claims.