Insurers can spread their risk along multiple insurance lines. If you're Airbnb, you're exposed to one type of risk: houses getting damaged. If you're Lloyds/G

Insurers can spread their risk along multiple insurance lines. If you're Airbnb, you're exposed to one type of risk: houses getting damaged. If you're Lloyds/GEICO, you're spread out over health risks, housing risk, car risk, maybe some financial assets risk etc