Is it possible for one to collect money from people and use the money collected to invest in stocks, bonds, and unit trust funds for his own benefit over the long term while getting paid for doing so?
If you think that the above is absurd, think again!
The answer is yes and the concept is known as an insurance float. It is a form of leverage used by insurers to build massive wealth with other people’s money in the long run. They include Warren Buffett and Charlie Munger, who have built a fortune via Berkshire Hathaway Inc, which is essentially an insurance company.
Modern insurers today are embracing technological advancements to increase revenue, improve efficiency, and enhance security as we become more tech-savvy as consumers. Hence, technological developments are important aspects to ensure that insurers today will continue to be relevant in the 21st century.
We are going to dive in deep into the business of a modern listed insurer. Of which, we revealed key pointers to take note when assessing listed insurers and thus, enabling you to tell the differences between them. Key highlights include:
- Latest Technological Developments of a Modern Listed Insurer
- Explaining the Concept of Insurance Float
- How to Assess the Financial Results of a Listed Insurer?
- Three Valuation Ratios to Know before Investing in a Listed Insurer.
- Full-Fledged Case Study Walkthrough of an Actual Listed Insurer.