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Understanding the Role of Insurance Companies in Modern Society Insurance companies play a critical role in the financial ecosystem of modern society by providing a safety net against various risks. From health and life coverage to property and auto insurance, these companies help individuals and businesses protect themselves from unforeseen financial burdens. By pooling risks across a large number of policyholders, insurance firms can offer financial support when accidents or emergencies occur, ensuring peace of mind for millions of customers. One of the essential functions of insurance companies is risk…
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