Aetna
What do we know about insurance companies? How do they work? Are they reliable, do they bring their clients any profit or at least some use? What profit do they have from their activity?
An insurance company. First of, all let us find out what an insurance company is? They define it as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium. The company that sells the insurance policies is called the Insurer. When a person buys a police he/she is obliged to pay a certain sum of money within the conditioned period of time. At the present time, people tend to insure everything possible from a piece of property to a part of body. An insurance company pays out the money to a person in those cases which are predetermined by the policy. The event that gives rise to the loss that is subject to insurance should, at least, take place in a known place, at a known time, and from a known cause. If it is a life insurance then the insured person has to be dead for the company to refund the loss. Fire, automobile accidents, and worker injuries may all easily meet this criterion. Insurance companies are stable and profitable in the developed countries as well as in the countries with the least risk of any natural disaster. Imagine the losses and the rate of bankruptcy of the insurance companies in case of tornado. So many people are injured and killed, let alone the destroyed property. One of the leaders on the market is Aetna.
Aetna. Aetna, Inc. is an American-based diversified health care benefits company, which provides a wide range of traditional and consumer directed health care insurance services and related products, among which are medical, dental, pharmacy, behavioral health, long-term care, group life, and medical management capabilities, and disability plans.
Aetna is a Fortune 100 member. Aetna is the direct follower of Aetna Insurance Company, which was headquartered in Hartford, Connecticut. Aetna was founded in 1850. In 1960, the company managed to expand outside the U.S. It bought Excelsior Life Insurance Company, a Canadian company. The company services thousands of clients. For over 150 years it has paid out millions of dollars to the suffered. At the same time the company may have earned billions of dollars. It is a controversial question, therefore, whether the insurance business in profitable or not.