IoT’s Dependence on Special Data Streams

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expenses and profits
Expenditure and profit considerations can be roughly divided into three aspects:

1. Distribution and marketing costs: including intermediary commissions from agents, brokers and banks, as well as online marketing and other costs.

2. Operating costs of insurance companies: such as investor database underwriting, claims settlement and customer service.

3. Reserves and capital costs: Life insurance companies need to have sufficient capital to cope with compensation. For example, if a 30-year-old non-smoking man who paid a monthly premium of $38 dies unfortunately, Bowtie will have to compensate the policy beneficiary $1 million, so the insurance company needs Set aside additional funds. The amount set aside depends on the risk taken by the insurance company and is generally subject to regulatory requirements, and setting aside funds is also a cost.