Our society could not function effectively without insurance . There would be so much uncertainty, so much exposure to loss that business, as we know it, might not be able to exist. It would be difficult to obtain any type of financing of assets since very few lenders would be willing to risk funds without a guarantee of safety for their investments.
Insurance helps society by protecting assets and minimizing financial risk. Insurance helps by reimbursing people and businesses for covered losses, encouraging accident prevention, providing funds for investment, enabling people to borrow money, and reducing anxiety.
Insurance provides funds to help businesses grow and create jobs. A significant portion of insurance company premiums are invested within our economy which promotes and stimulates economic growth.
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