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What is insurance and its functions?

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What is insurance and its functions?

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Other related questions to my question are:-

What is insurance and its functions?

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The correct answer is: Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, an insurance company, an insurance carrier or an underwriter.

The title of my answer is Insurance

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