Business Studies, asked by samyahk, 2 months ago

what are the functions of insurance companies ?

Answers

Answered by abcd17867

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 nir91

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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what are the functions of insurance companies ?​

Answers

Primary Functions of Insurance

what are the functions of insurance companies ?