insurance industry stakeholders

The insurance industry involves several key stakeholders. Insurance companies design policies and handle claims, aiming to manage risk and provide financial protection. Policyholders are individuals or businesses purchasing insurance to protect against loss. Agents and brokers act as intermediaries, helping clients find suitable coverage and explaining options. Regulators oversee industry practices to ensure fairness and stability. Reinsurers share risk by covering large insurance companies, helping them stay solvent. Investors fund insurance companies in exchange for profits. Together, these stakeholders ensure insurance markets operate smoothly, providing security and risk management for society.