Explosive Demand in Global Insurance Market by Analysis, by Application, Size, Market Share, Trends and Forecast 2023 by AXA S.A., France, Allianz SE, Germany, Prudential Financial Inc
Insurance is a contract of reimbursement. For example, it reimburses for losses from specified perils, such as fire, hurricane, and earthquake. An insurer is the company or person who promises to reimburse. The insured (sometimes called the assured) is the one who receives the payment, except in the case of life insurance, where payment goes to the beneficiary named in the life insurance contract.
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