Which of the following is an example of a private market insurance company?

A private market insurance company operates within the private sector and focuses on providing insurance products to consumers. The example of a standard market insurer for low to moderate risks aligns with this definition, as these companies primarily strive to cover standard risks and offer competitive premium rates based on actuarial data without government backing.

In contrast, a government-backed insurance provider is funded and operated by the government, which does not fall under the category of private market insurance. Insurance companies that specifically cater to high-risk clients or niches may focus on specialized products, but they are often not representative of the broader private market. An aggregate of non-profit providers does not fit the criteria either, as non-profit organizations typically operate under different principles and objectives than for-profit private insurers. Hence, the description of a standard market insurer best exemplifies a typical private market insurance company.