This article will guide you through the process of setting up an insurance company in Capitalism Lab before going through some of the basics you need to consider while running an insurance company in Capitalism Lab.
How to set up an Insurance Company in Capitalism Lab
You need the base Capitalism Lab game and the Capitalism Lab Banking & Finance DLC to set up an insurance company in Capitalism Lab. You can learn more about the Capitalism Lab Finance & Banking in our Introduction to the Finance & Banking DLC.
- Build an Insurance HQ by selecting Insurance HQ from the build menu
- You can now build insurance company I would build at least one in each city. These offices are where your company sells its insurance.
What you need to know about insurance companies in Capitalism Lab
Your insurance company raises money by selling insurance. The insurance company will then use this money to invest in financial assets such as the bond market. You can learn more about how the bond & shares market works in our Capitalism Lab guide to Bonds & Shares.
The return on investments made by your insurance company minus the total payouts on insurance claims made by your customers. This formula is used to calculate the profit of an insurance company is calculated in Capitalism Lab.
You can reduce the risk of payouts for your insurance company, but of course, this will impact the amount of insurance you will likely sell.
Conclusion
I hope you found this guide helpful. You might also be interested in reading our guide on running a banking company in Capitalism Lab.