The insurance sector has been involved in a consistent modernizing practice, fostering the changes required to adapt both to the new global financial environments and to the broadening levels of safety, transparency and effectiveness which are progressively being demanded by Financial Markets and people.
In modern times the insurance sector is a leading global marketplace covering an enormous range of risks starting from natural disasters and environmental hazard, through life and disability and standard property risks (fire, explosion, burglary, and many others) to different forms of liability under tort and civil guidelines to protecting the balance sheets of credit granting organizations.
In the latter circumstance the sector has evolved overlaps with, and turn into the backstop for major segments of the banking as well as shadow banking sectors. It is additionally an important source of obtaining investment funds.
The insurance sector has been involved in a consistent modernizing practice, fostering the changes required to adapt both to the new global financial environments and to the broadening levels of safety, transparency and effectiveness which are progressively being demanded by financial markets and people.
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