?what's insurance

Insurance Insurance

Is a social structure that aims to create a reserve to address losses unconfirmed posed to capital by shifting the burden of risk from many individuals to 1 person or cluster of persons, specifically that the system is intended to cut back or minimize the development of uncertainty Uncertainty of monetary losses by shifting the burden of risk .

 ?Q two what's the importance of insurance activity

Summed up the importance of insurance activity area unit as follows:

the conclusion of the principle of cooperation between a bunch of people exposed to identical risk and secure their future to participate in bearing the risks to that they're exposed.

 Helps to keep up insurance institutions compensation for material resource outputs of the risks which willbe exposed to those resources, like fireplace - thievery .......

conserve energy productivity

produce and breadth of credit through loans to make sure guarantees alternative documents that contributes to the economic process of the comes.