what do you know about insurance ?

Question

Accepted Answer

Insurance is a financial product that provides protection against financial losses.

Insurance is a contract between an individual or organization and an insurance company.
The insured pays a premium in exchange for coverage against specific risks.
Types of insurance include health, life, auto, home, and travel insurance.
Insurance helps individuals and businesses manage risk and protect against unexpected events.
Insurance companies use actuarial science to calculate risks and set premiums.

Accepted Answer

insurance is an agreement between an insurer and the insured in which the insured receives financial protection from an insurer for the losses