INSURANCE COMPANIES, THEIR IMPORTANCE AND THE RISKS THEY FACE

Bachiri Hamza

doi:10.31435/ijitss.4(44).2024.4169

Authors

Bachiri Hamza Dr., Laboratory of Strategies and Economic Policies in Algeria, Mohamed Boudiaf University of M’sila

DOI:

https://doi.org/10.31435/ijitss.4(44).2024.4169

Keywords:

Insurance Companies, Risks of Individuals and Institutions, Financial Intermediary

Abstract

Insurance companies occupy an important position within the financial sector of any economy, as they are authorized entities to provide coverage against risks for individuals and institutions, as well as financial intermediaries that accept funds in the form of premiums to be reinvested in various forms of investment. Therefore, in this chapter, we will discuss the nature of insurance companies, their types, and their importance in national economies, in addition to addressing their various tasks and functions, the different forms of their administrative organization, as well as presenting the types of risks they face in their activities according to various classifications.

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