Insurance as a social welfare tool!

Insurance policy is an asset to all, it is one of the best forms of risk management. Insurance creates sustainability, crisis management and larger private and public welfare.

All policies, general, life, health, fire, motor, social security, sea, cattle or others contribute to risk management for all forms of business administrations. 

Insurance industry needs to tap all possible avenues to serve the vast unserved markets. Fire insurance is key to warehouse and inventory management, health insurance is good for life management and absorbing taruma, motor insurance keeps safety from additional costs from unwanted accidents.

Insurance contracts, insurance policy, underwriters, other payments details all are very important for insurance subscribers. Insurance is a social welfare tool for the needy and promotes national savings. 

Government run state insurance programs, private general insurance or need based insurance all provide safety, security, belongingness, self esteem and economic resilience. 

- Prof. Mohd Ossama