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How Insurance Contributes To Society

Over the years, the insurance industry has made significant contributions to the advancement of business and financial risk management.

By Scott G. Stephenson | Updated on November 21, 2010

Over the years, the insurance industry has made significant contributions to the advancement of business and financial risk management.

For example, the efficient, reassuring risk transfer functions of insurance can often encourage economic investment and boost growth on a variety of levels.

Beyond the enduring and conventional contributions of insurance to the economy and society at large, there are noteworthy emerging issues where the science and applications of insurance play a crucial role in addressing some of today’s major public challenges.

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