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Banks and Insurance Companies, both are considered as a type of financial intermediaries. However, even though they have a few similarities, they don’t have as much in common as one might think. The operations in both of these financial intermediaries are based on different models that create some notable differences between them.In this article, Jose Miguel Artiles Caballos, the director of Bandania Formula Capital LTD, explains the key differences between the two financial intermediaries, i.e. banks and insurance companies.