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ountries, life celebrex and non-life insurers are subject to celebrex different regulations, tax and accounting rules. celebrex The main reason for the distinction celebrex between the two types of company celebrex is that life business is very celebrex long term in nature — coverage celebrex for life assurance or a pension celebrex can cover risks over many decades. celebrex By contrast, non-life insurance cover usually celebrex covers a shorter period, such as celebrex one year.Insurance companies are generally classified celebrex as either mutual or stock companies. celebrex This is more of a traditional celebrex distinction as true mutual companies are celebrex becoming rare. Mutual companies are owned celebrex by the policyholders, while stockholders, (who celebrex may or may not own policies) celebrex own stock insurance companies.Reinsurance companies are celebrex insurance companies that sell policies to celebrex other insurance companies, allowing them to celebrex reduce their risks and protect themselves celebrex from very large losses. The reinsurance celebrex market is dominated by a few celebrex very large companies, with huge reserves.Captive celebrex Insurance companies may be defined as celebrex limited purpose insurance


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