Overview of Private Insurance in the Financial Services Industry
The financial services industry consists of thousands of financial institutions that provide financial products and services to the public. Financial institutions include commercial banks, savings and loan institutions, credit unions, life and health insurers, property and casualty insurers, mutual funds, securities brokers and dealers, private and state pension funds, various government-related financial institutions, finance companies, and other financial firms.
As part of the financial services industry, the insurance sector has a profound financial impact on the U.S. economy. In 2013, premiums written by the insurance industry totaled $1 trillion, with life and health insurers ...
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