Fingram 2025-07-30 0
Importance of insurance
Insurance is a protection of the insured persons’ (citizens’) financial interests against unexpected events such as traffic accidents, illnesses, natural disasters, and more. When one of these events occurs, financial assistance is provided to the victims.
The main goal of insurance is to cover the financial expenses of society.
The economic and financial importance of insurance for the insured (citizens):
Protection from risks and losses:
Insurance is a vital tool for protecting people, businesses, and their property from unexpected risks — natural disasters, fires, accidents, illnesses, and other emergencies.
Support for entrepreneurship and investment:
Insurance provides entrepreneurs with a sense of security and enables them to operate and expand their businesses with confidence.
Reducing pressure on the family budget:
In emergency situations, insurance payments help ease the financial burden on households.
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