Who insures the insurance companies?
Who ensures the insurance companies?
If you’re asking who provides the various business insurance coverages that insurance companies need just like any other business, e.g. Property, General Liability, Automobile, Worker’s Compensation, Crime, etc. there are many insurance companies who insure other insurance companies as a business.
If you think about it, insurance companies are just very large offices that need the same kinds of insurance as other offices, e.g. insurance on their buildings, contents, and computers, insurance on their owned and non-owned vehicles, and insurance for their employees.
The only coverage I can think of that might be a little unique to insurance companies is Errors & Omissions insurance. Like many other businesses, insurance companies can make errors that can be very costly to their agents and policyholders.
In my career, I have written business insurance for three different insurance companies (both life and property & casualty insurers). As a general rule, insurance companies are a very desirable and profitable class of business just like many other office exposures.
If you’re asking who insures insurance companies to help them share in the payment of losses to their policyholders, then you’re asking about reinsurance for which you have already received several excellent responses.
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