Definition: Insurance ETFs are investment options that match a portfolio with insurance companies' stocks or other securities, thus providing an insurance product to investors who might otherwise be exposed to the risks associated with investing in stocks. The term "insurance ETF" can also refer to an insurance company's equity fund or a similar entity that manages and invests in equity investments on behalf of an insurance company. For example, some insurance companies may use this type of ETF to provide additional protection for their clients' investments, such as by diversifying their risk. An insurance ETF typically consists of a portfolio of stocks and other securities from various companies or issuers, and it can be designed to provide income, value appreciation, or both. The specific structure of an insurance ETF may vary depending on the company's investment philosophy, market conditions, and industry expertise.