what are the functions of insurance companies ?
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Answer:
Primary Functions of Insurance
Insurance provides certainty. Insurance provides certainty of payment at the uncertainty of loss. ...
Insurance provides protection. ...
Risk-Sharing. ...
Prevention of loss. ...
It Provides Capital. ...
It Improves Efficiency. ...
It helps Economic Progress.
Explanation:
Insurance effects to economic growth positively: The insurance sector plays an important role in the financial services industry, contributing to economic growth, efficient resource allocation, reduction of transaction costs, creation of liquidity, facilitation of economics of scale in investment, and spread of ...
Answered by
1
Answer:
Primary Functions of Insurance
Explanation:
Insurance provides certainty. Insurance provides certainty of payment at the uncertainty of loss. ...
Insurance provides protection. ...
Risk-Sharing. ...
Prevention of loss. ...
It Provides Capital. ...
It Improves Efficiency. ...
It helps Economic Progress.
hope it helps u
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