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Stockfocus
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What are the objectives of insurance?

Post by Stockfocus »

Insurance serves to accomplish so many things. Protection of individuals and businesses from financial loss, peace of mind, and a safety net against unexpected risks are some of the objectives of insurance. Saving schemes, economic stabilization, and rebuilding capacities after crises are other functions of insurance. Insurance does far more than making up for losses, it helps create future safety. In your opinion, what is the most important objective of insurance?
Festus
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Re: What are the objectives of insurance?

Post by Festus »

The objective of insurance is to serve as a financial buffer. It gives peace of mind, economic stability, and recovery in times of crisis. It help businesses or individuals recover fast from a disaster.
Tunde
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Re: What are the objectives of insurance?

Post by Tunde »

The pressures and the anxiety that come with being unprotected are even worse. With insurance on your side, you can run your business and do many other things without constantly wondering how to survive.
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