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What is the main role of insurance?
Posted: Mon Aug 25, 2025 6:49 pm
by Stockfocus
The key function of insurance entails shielding individuals from risk and providing the company an opportunity to render financial protection immediately when anything happens, be it accident, health issue, or natural calamity. It supports people whose losses could be in property, life, or health from taking the complete cost of such losses.
Do you consider insurance rather than a protective shield?
Re: What is the main role of insurance?
Posted: Wed Aug 27, 2025 8:38 pm
by Festus
I’ll say insurance is not about financial damages only, it never has been. Insurance is really about mental security. It is about taking business and life risks without worrying too much.
Re: What is the main role of insurance?
Posted: Wed Aug 27, 2025 8:51 pm
by Tunde
Stockfocus wrote: Mon Aug 25, 2025 6:49 pm
The key function of insurance entails shielding individuals from risk and providing the company an opportunity to render financial protection immediately when anything happens, be it accident, health issue, or natural calamity. It supports people whose losses could be in property, life, or health from taking the complete cost of such losses.
Do you consider insurance rather than a protective shield?
Insurance spreads the risk to several individuals, preventing one individual from going up in flames.
This means that people should make attempts to defend one another in times of trouble.
This means that people should make attempts to defend one another in times of trouble.