Non-life insurance, also known as general insurance, is a type of insurance that covers risks other than death or disability. It includes a wide range of insurance products, such as property insurance, liability insurance, motor insurance, and travel insurance. Non-life insurance is designed to protect individuals and businesses from financial losses due to unexpected events, such as accidents, natural disasters, and legal liabilities.
Non-life insurance is a major component of the insurance industry, providing protection against a variety of risks. It is typically sold through agents, brokers, and direct writers. The premiums paid for non-life insurance are used to cover the costs of claims and administrative expenses.
Some of the major companies in the non-life insurance market include Allianz, AXA, Chubb, Liberty Mutual, and Zurich Insurance Group. Show Less Read more