Economy, asked by hariharasudhan9606, 10 months ago

Role of insurance company in the economic development

Answers

Answered by kinghappy

Answer:

Promotes economic growth:

Insurance sector provides capital into productive investments. Insurance enables to mitigate loss, financial stability and promotes trade and commerce activities those results into economic growth and development. Thus, insurance plays a crucial role in sustainable growth of an economy.

Explanation:

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