An Attempt To Understand The Functioning Of Insurance Market

Abstract

Insurance plays a crucial part in the financial sector, but while there have been several studies on the incidental association between bank lending and economic growth, the relationship between insurance and economic growth is frequently overlooked. Insurance firms are one of the most essential financial intermediaries in carrying out the duties of the financial system. They play a critical role in risk management for both businesses and people. This study explores the market's insurance situation, as well as how insurance companies operate and their benefits.