Chapter 6
Sustainable insurance
Introduction
The insurance industry is one of the key pillars of the financial system. It is an important component of the economy by the value of the premiums it collects and the scale of its investment. Furthermore, it plays an essential social and economic role for citizens by covering their personal and business risks. It is possible to reduce their costs and assist them in case of an emergency by sharing risks over many participants. Providing reliable and quality products and services should be the aim of the business of insurance companies. This requires cooperation both with clients and business partners. It is not possible without understanding risk management.
The insurers have ...
