Tag: The functions of insurance companies

Insurance companies are economic units that aim to achieve profit to provide insurance service to their customers in exchange for paying insurance premiums for this service. It is usually an insurance company. Who is obligated to cover this risk when it occurs, in return for a certain premium that the insured is obligated to pay. As for the technical aspect of insurance, it goes beyond that individual relationship, insurance companies follow a set of principles that they adhere to while providing a service to the customer, in order to maintain customers, attract other subscribers to the company, work to raise the performance and efficiency of insurance companies and service providers and ensure their commitment to the principles of practicing the profession, to provide the best services to the insured and its beneficiaries.