role of the insurance industry in a growing economic

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Posted: Tue Feb 23, 2010 10:08 am Post subject: role of the insurance industry in a growing economic

role of the insurance industry in a growing economic

meekah4real

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Joined: 23 Feb 2010
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Posted: Wed Feb 24, 2010 6:45 am Post subject: Role of the insurance industry

Hi meekah4real, Insurers provide specialized expertise in the identification of loses and risk management. They have an incentive to control loses which is beneficial to the economy. It helps to allocate resources to more productive uses and thus broaden the range of investments improving the economic productivity.