:salam2:
Insurance companies need to make money to cover the cost and claims, or else it would be a ponzi scheme to just get new policy buyers to cover the previous one. So they invest. They buy bonds, obligations, certificate of deposit, stocks (companies that have debt, make money from interest, sell alcohol, anything). Like sister Peony Weed said, look into Takaful and really ask questions. Good questions to ask is how they make their profit and what they invest in.
Insurance companies need to make money to cover the cost and claims, or else it would be a ponzi scheme to just get new policy buyers to cover the previous one. So they invest. They buy bonds, obligations, certificate of deposit, stocks (companies that have debt, make money from interest, sell alcohol, anything). Like sister Peony Weed said, look into Takaful and really ask questions. Good questions to ask is how they make their profit and what they invest in.