What do you know about insurance sector

Question

Accepted Answer

Insurance sector involves the business of providing financial protection against potential risks and losses.

Insurance sector is a part of the financial services industry.
It involves the transfer of risk from an individual or entity to an insurance company.
Insurance policies are contracts that outline the terms and conditions of coverage.
Types of insurance include life, health, property, auto, and liability insurance.
Insurance companies collect premiums from policyholders and pay out claims when necessary.
Insurance sector plays a crucial role in managing and mitigating risks for individuals and businesses.
Example: Life insurance provides financial support to beneficiaries in case of the policyholder's death.
Example: Health insurance covers medical expenses and provides access to healthcare services.
Example: Property insurance protects against damage or loss of property due to fire, theft, or other perils.

Accepted Answer

Yes i now the insurance. I have 5years experience

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