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Explain five roles of insurance in the development of the economy
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Aug 26, 2021
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Business Studies Form 2
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anony mous
Explain five roles of insurance in the development of the economy
insurance
importance of insurance
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Aug 26, 2021
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anony mous
Creating confidence in investors – this will therefore make them take risk and go on renting in investment
Creation of employment – insurance companies create employment to individuals
Mobilizing savings – this savings is then borrowed by the business community to start and expand business
Compensation when loss is suffered – this enables people to go on with their business
Educate others on matters pertaining insurance – this help people to learn more of insurance related issues
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