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Insurance service The Role and Importance of Insurance in Modern Society In the contemporary landscape of risk management and financial planning, insurance plays a pivotal role in safeguarding individuals, families, and enterprises against unforeseen events that may result in substantial economic loss. As a mechanism for risk transfer, insurance facilitates peace of mind and stability by providing a safeguard against the uncertainties inherent in everyday life. The evolution of insurance from a rudimentary concept to a complex industry reflects its critical function in our socio-economic fabric, necessitating a comprehensive understanding…
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