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Understanding the Role of an Insurance Company in Modern Finance Insurance companies play a crucial role in the financial landscape, providing a safety net for individuals and businesses alike. These institutions allow policyholders to manage risk by transferring the financial burden of unforeseen events, such as accidents, natural disasters, or health issues, to the insurer. This blog explores the essential functions of insurance companies, types of insurance available, and how to choose the right provider for your needs. At the core of an insurance company’s function is risk management. When…
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