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Best’s Guide to Understanding the Insurance Industry is published annually by AM Best to explain how the insurance industry operates, generates revenue and provides opportunities for people of a wide range of talents and interests. It’s an easy-to-follow introduction to the insurance industry for students, new employees, prospects and those who would like to learn more about one of the world's most interesting and important financial service industries. The book has six sections: the overview, property/casualty sector (also known as nonlife insurance), life, health, reinsurance and alternative risk transfer, and the function of AM Best in the industry.