In response to banks entering into the insurance business,insurance companies have started to supply ________ insurance.

Question

Quizplus · Accepted Answer

Banks entering into the insurance business means they are offering insurance products related to the financial sector, such as credit insurance, which protects banks against losses related to non-payment of loans or other credit agreements. Therefore, it makes sense for insurance companies to supply credit insurance as a response to this market entry.

In Response to Banks Entering into the Insurance Business,insurance Companies