How does home insurance work?
How does home insurance work?
user
Sure, what would you like to know?
assistant
Do insurance companies want to have less claims so they keep more money?
user
That’s actually not the best approach to this issue.  I have access to public data about insurance companies’ business models, and this seems like a very common question.  There are also many business models that allow an insurance company to profitably write a higher amount of coverage and not lose money.  So insurance companies are not necessarily trying to keep more money, they are just trying to have profitable businesses.
assistant
Can you tell me what a home insurance business model looks like?
user