What kind of institutions do insurance companies belong to in the modern financial intermediary system?

Insurance companies belong to deposit institutions in the modern financial intermediary system. According to relevant information. Insurance companies are financial institutions. Financial institutions refer to financial intermediaries engaged in financial services and are part of the financial system. Financial services (banking, securities, insurance, trust, funds and other industries) correspond to this. Financial intermediaries also include banks, securities companies, insurance companies, trust and investment companies and fund management companies.