The main business income is premium income, that is, the income from selling insurance policies, especially the income from renewing insurance premiums; In addition, insurance companies also have other operating income: recovery income and investment income. In more professional terms, there are three main sources of income for insurance companies: 1, the difference between the expected amount of compensation and the actual amount of compensation in insurance terms; 2 spread, that is, the difference between the pre-determined interest rate in the insurance clause and the actual investment income of the insurance company; 3. The difference between expenses and income, that is, the difference between the expenses scheduled in the insurance clauses and the actual expenses incurred by the insurance company.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.