global insurance market

The global insurance market is a vast network where companies provide financial coverage to individuals and businesses to protect against risks like accidents, health issues, property damage, or loss. By collecting premiums (regular payments) from many policyholders, insurers pool resources to pay for claims when events happen. This system spreads risk across countries and industries, helping manage uncertainties, promote economic stability, and support growth. The market includes various types of insurance, from health and life to property and liability, and operates within a regulated environment to ensure fairness and solvency.